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Apr 30, 2021
Medtronic Q4 2021 Earnings Report
Medtronic's Q4 2021 financial results reflected a strong recovery with revenue increasing 37% as reported and 32% organically.
Key Takeaways
Medtronic reported a strong end to fiscal year 2021, with fourth quarter revenue of $8.188 billion, a 37% increase as reported and 32% organically. GAAP diluted EPS was $1.00, and non-GAAP diluted EPS was $1.50. The company announced a 9% dividend increase and issued FY22 guidance.
Q4 Revenue of $8.2 Billion Increased 37% Reported and 32% Organic
Q4 GAAP Diluted EPS of $1.00; Q4 Non-GAAP Diluted EPS of $1.50
Quarterly Dividend Increased to $0.63, Annual $2.52 from Prior $2.32; 44th Consecutive Year of Dividend Increases
Company Issues FY22 Guidance
Medtronic
Medtronic
Medtronic Revenue by Segment
Medtronic Revenue by Geographic Location
Revenue by Segment
Cardiac Rhythm & HF Revenue
CapyFin.comStructural Heart & Aortic Revenue
CapyFin.comCoronary & Peripheral Vascular Revenue
CapyFin.comCranial & Spinal Technologies Revenue
CapyFin.comSpecialty Therapies Revenue
CapyFin.comNeuromodulation Revenue
CapyFin.comSurgical & Endoscopy Revenue
CapyFin.comAcute Care & Monitoring Revenue
CapyFin.comDiabetes Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
The company expects revenue growth in its fiscal year 2022 to approximate 9 percent on an organic basis. In fiscal year 2022, the company expects diluted non-GAAP EPS in the range of $5.60 to $5.75, including an estimated 10 to 15 cent positive impact from foreign currency based on current exchange rates.
Positive Outlook
- Strong organic revenue growth driven by new product launches
- End market recovery from the impact of the pandemic
- Investing at the front end of major product launches, including surgical robotics and renal denervation, to fully realize their potential
- Planning for the largest increase in R&D spend in company’s history
- Capitalizing on a long list of opportunities
Revenue & Expenses
Visualization of income flow from segment revenue to net income