NASDAQ$EMBC
Embecta Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and full year of fiscal year 2023 and provided initial fiscal year 2024 financial guidance.
Embecta Corp. reported a 2.7% increase in revenues to $281.9 million for the fourth quarter of fiscal year 2023. The company's operating income was $25.8 million, and net income was $6.0 million, or $0.10 per diluted share. The company also announced a dividend of $0.15 per share.
- Revenues increased by 2.7% to $281.9 million, or 2.1% on a constant currency basis.
- Gross profit was $181.8 million with a margin of 64.5%.
- Operating income was $25.8 million with a margin of 9.2%.
- Net income was $6.0 million, resulting in earnings per diluted share of $0.10.
Headline financials
Revenue & EPS history
Embecta · Revenue · Quarterly
$282M
Forward guidance
For fiscal year 2024, the company expects revenues between $1,085 million and $1,105 million, adjusted earnings per diluted share between $1.90 and $2.10, and adjusted EBITDA margin between 29.5% and 30.5%.
Tailwinds
- Revenue between $1,085 million and $1,105 million.
- Adjusted Gross Margin between 63.0% and 64.0%.
- Adjusted Operating Margin between 23.75% and 24.75%.
- Adjusted Earnings per Diluted Share between $1.90 and $2.10.
- Adjusted EBITDA Margin between 29.5% and 30.5%.
Headwinds
- As Reported Revenue growth between -3.0% and -1.0%.
- Constant Currency Revenue growth between -2.0% and 0.0%.
- F/X impact of approximately -1.0%.
- Contract Manufacturing revenue between $0 and $5 million.
- Unable to present a quantitative reconciliation of expected adjusted gross margin, adjusted operating margin, expected adjusted earnings per diluted share, expected adjusted EBITDA and our expected adjusted EBITDA margin.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+2.6%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-8.3%
Avg return
30 days after
42%
8 / 19 earnings
Positive
+42.9%
Q4 2024
Best reaction
-15.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.1% | -60.6% | -63.0% | |
| Q1 2026 | -7.8% | -9.3% | -20.1% | |
| Q4 2025 | -7.3% | -12.9% | -17.5% | |
| Q2 2025 | -9.7% | -12.9% | -26.4% | |
| Q1 2025 | -2.6% | -3.8% | -29.9% | |
| Q4 2024 | +42.9% | +44.6% | +44.6% | |
| Q3 2024 | +2.9% | +2.9% | +6.8% | |
| Q2 2024 | +38.7% | +42.2% | +21.1% | |
| Q1 2024 | -15.7% | -18.1% | -22.5% | |
| Q4 2023 | +7.9% | +7.1% | +14.3% | |
| Q3 2023 | -0.5% | -3.6% | -27.3% | |
| Q2 2023 | -0.7% | -3.4% | -11.8% | |
| Q1 2023 | +15.3% | +12.0% | +3.9% | |
| Q4 2020 | -1.9% | -4.3% | -15.4% | |
| Q4 2022 | -13.6% | -15.3% | -28.1% | |
| Q3 2021 | +12.7% | +16.6% | +13.3% | |
| Q3 2022 | +12.7% | +16.6% | +13.3% | |
| Q2 2022 | -12.6% | -7.7% | -6.2% | |
| Q2 2021 | -12.6% | -7.7% | -6.2% | |
| Q4 2021 | — | — | — | |
| Q1 2022 | — | — | — |
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