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Jun 30, 2024
ResMed Q4 2024 Earnings Report
ResMed's Q4 2024 earnings were announced, demonstrating revenue growth, improved gross margin, and increased profitability.
Key Takeaways
ResMed Inc. reported a 9% increase in revenue to $1.2 billion for the fourth quarter of fiscal year 2024. The company's operating profit increased by 38%, with non-GAAP operating profit up by 30%. Diluted earnings per share were reported at $1.98, and non-GAAP diluted earnings per share at $2.08.
Revenue increased by 9% year-over-year, reaching $1.2 billion.
Operating profit surged by 38%, while non-GAAP operating profit rose by 30%.
Gross margin improved by 350 bps to 58.5%, with non-GAAP gross margin improving by 330 bps to 59.1%.
Diluted earnings per share (EPS) reached $1.98, and non-GAAP diluted EPS was $2.08.
ResMed
ResMed
ResMed Revenue by Segment
ResMed Revenue by Geographic Location
Revenue by Segment
Total Devices Revenue
CapyFin.comTotal Masks and other Revenue
CapyFin.comResidential Care Software Revenue
CapyFin.comRevenue by Geographic Location
U.S., Canada, and Latin America Revenue
CapyFin.comEurope, Asia, and other markets Revenue
CapyFin.com Forward Guidance
ResMed did not provide a detailed forward guidance in the earnings report. However, the CEO mentioned the company is well-positioned to drive increased market penetration and accelerate growth.
Positive Outlook
- Ongoing patient and customer demand for best-in-class products and software solutions.
- Focus on operating excellence and cost discipline.
- Profitable growth acceleration.
- Increasing awareness with the fast-growth population of sleep-health-interested consumers.
- Creating virtual pathways that expand access to therapies.
Challenges Ahead
- No specific negative aspects were mentioned in the earnings report.
- The report focuses on the positive aspects and future opportunities.
- The company is operating in significantly underpenetrated markets, which presents both an opportunity and a challenge.
- No explicit risks or uncertainties were highlighted in the provided text.
- The safe harbor statement mentions potential risks and uncertainties that could affect future results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income