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Dec 31, 2024

Johnson & Johnson Q4 2024 Earnings Report

Johnson & Johnson's Q4 2024 results were reported, featuring sales growth and EPS, but also including acquired IPR&D charges.

Key Takeaways

Johnson & Johnson reported a 5.3% increase in Q4 sales, reaching $22.5 billion. EPS was reported at $1.41 and adjusted EPS at $2.04, which included $(0.22) impact from acquired IPR&D charges related to the V-Wave acquisition. The company issued guidance for 2025, projecting operational sales growth of 2.5% - 3.5% and adjusted operational EPS of $10.75 - $10.95.

Q4 2024 sales increased by 5.3% to $22.5 billion with operational growth of 6.7%.

Q4 2024 EPS was $1.41, and adjusted EPS was $2.04, including a $(0.22) impact from acquired IPR&D charges.

Full-year sales grew by 4.3% to $88.8 billion, with operational growth of 5.9%.

The company is guiding for 2025 with operational sales growth of 2.5% - 3.5% and adjusted operational EPS of $10.75 - $10.95.

Total Revenue
$22.5B
Previous year: $21.4B
+5.3%
EPS
$2.04
Previous year: $2.29
-10.9%
Free Cash Flow
$19.8B
Previous year: $6.27B
+215.6%

Johnson & Johnson

Johnson & Johnson

Johnson & Johnson Revenue by Segment

Forward Guidance

Johnson & Johnson issued guidance for 2025, expecting adjusted operational sales growth and adjusted EPS (diluted).

Positive Outlook

  • Adjusted Operational Sales growth of 2.0% – 3.0%
  • Operational Sales growth of 2.5% – 3.5%
  • Estimated Reported Sales growth of 0.5% – 1.5%
  • Adjusted Operational EPS (Diluted) growth of 7.7% – 9.7%
  • Adjusted EPS (Diluted) growth of 5.2% – 7.2%