Embecta Corp · Q3 2022 earnings

Briefing

Embecta's Q3 2022 financial results showed resilient commercial performance despite macroeconomic challenges, with revenues of $291.1 million and net income of $62.4 million.

Embecta Corp. reported its Q3 2022 financial results, demonstrating resilient commercial performance despite a challenging macroeconomic environment. The company reported revenues of $291.1 million, a decrease of 1.3% on a reported basis but an increase of 2.0% on a constant currency basis. Net income was $62.4 million. The company is reiterating its second half of 2022 fiscal year financial guidance for as-reported revenue growth, and raising its second half of 2022 fiscal year financial guidance for constant currency revenue growth, adjusted gross margin and adjusted EBITDA margin.

• Revenues reached $291.1 million, down 1.3% as reported, but up 2.0% on a constant currency basis.
• U.S. revenues increased by 4.1% on both a reported and constant currency basis.
• Net income amounted to $62.4 million.
• The company announced a dividend of $0.15 per share.

Headline financials

Revenue & EPS history

For the last six months of fiscal year 2022, the Company now expects: Revenues of ~$555 million, As Reported revenue growth of ~(7.0%) and Constant Currency revenue growth of ~(3.0%).