NASDAQ$HOLX

Hologic Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Hologic's Q4 2021 earnings exceeded expectations despite a decrease in COVID-19 assay sales.

Hologic announced strong Q4 2021 results, with revenue exceeding expectations. The company's diversified business, particularly in women's health, drove growth despite a decline in COVID-19 assay sales compared to the prior year period. Hologic is guiding for continued growth in fiscal year 2022, driven by core women’s health businesses and contributions from COVID-19 testing.

  • Revenue reached $1.317 billion, a decrease of 2.3% year-over-year, driven by lower COVID-19 assay sales.
  • Global revenue from Breast Health and GYN Surgical divisions grew 15.6% and 21.8%, respectively.
  • Diagnostics revenue decreased by 10.9%, but excluding COVID-19 assays, grew by 5.1%.
  • The company acquired Bolder Surgical for approximately $160 million.

Headline financials

Total Revenue

$1.32B

Previous: $1.35B-2.2%
EPS (adj)

$1.61

Previous: $2.07-22.2%
Capital Expenditures

$25.6M

Previous: $45.1M-43.2%
Free Cash Flow

$440M

Previous: $397M+10.8%
Net Income

$329M

Previous: $494M-33.4%
Operating Income

$440M

Previous: $633M-30.5%
Gross Profit

$828M

Previous: $932M-11.1%
Cash & Equivalents

$1.17B

Previous: $701M+66.9%
Total Assets

$8.92B

Previous: $7.2B+24.0%
Stock-Based Comp

$14M

Previous: $29.6M-52.7%

Revenue & EPS history

Hologic · Revenue · Quarterly

$1.32B

Q4 2021-2.2%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Hologic · $1.88B total across 3 segments · Q4 2021

  • Diagnostics
    $837M-10.9%
  • Molecular Diagnostics
    $705M-14.0%
  • Breast Health
    $334M+15.6%

Forward guidance

Hologic expects strong financial results in fiscal 2022, with solid growth in core women’s health businesses and a meaningful contribution from COVID-19 testing.

Tailwinds

  • Expects strong financial results in fiscal 2022.
  • Solid growth in core women’s health businesses.
  • Meaningful contribution from COVID-19 testing.
  • Acessa will be included in organic revenue for the full year.
  • Biotheranostics and Diagenode will become part of organic revenue in the fiscal third quarter.

Headwinds

  • Revenue $3,750 - $4,000 (33.4%) to (29.0%)
  • GAAP EPS $2.50 - $2.80 (65.3%) to (61.2%)
  • Non-GAAP EPS $3.55 - $3.85 (57.8%) to (54.2%)
  • Q1 2022 Revenue $1,100 - $1,150 (31.7%) to (28.6%)
  • Q1 2022 GAAP EPS $0.88 - $0.98 (64.8%) to (60.8%)

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 2021

Historical avgQ4 2021

-0.5%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.1%

Avg return

30 days after

49%

35 / 72 earnings

Positive

+12.3%

Q3 2020

Best reaction

-11.4%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.0%-0.6%+0.7%
Q4 2025+0.1%+0.1%+0.9%
Q3 2025+2.8%+4.4%+3.3%
Q2 2025-5.6%-3.2%+8.5%
Q1 2025-10.1%-11.4%-11.3%
Q4 2024-4.3%-4.3%-6.6%
Q3 2024+4.9%+6.4%+2.2%
Q2 2024+0.3%-0.2%-3.3%
Q1 2024-2.7%-0.4%-1.1%
Q4 2023+5.7%+5.4%+0.1%
Q3 2023-5.1%-5.9%-5.4%
Q2 2023-2.4%-2.6%-8.3%
Q1 2023+3.8%+3.6%-1.1%
Q4 2022+10.8%+12.4%+13.8%
Q3 2022+1.0%+1.3%-3.4%
Q2 2022+1.2%+3.4%+9.8%
Q1 2022+4.0%+3.8%+2.4%
Q4 2021-3.3%-5.9%-0.3%
Q3 2021+2.3%+5.0%+9.7%
Q2 2021-9.1%-9.9%-13.4%
Q1 2021+1.7%+11.2%-3.3%
Q4 2020+6.6%-5.0%+1.7%
Q3 2020+12.3%+14.8%-2.8%
Q2 2020+2.9%+2.6%+8.9%
Q1 2020-0.7%-1.8%-13.7%
Q4 2019-4.0%+8.8%+10.3%
Q3 2019-1.3%-6.5%-4.1%
Q2 2019-0.1%+0.7%-5.1%
Q1 2019+0.6%-0.5%+8.6%
Q4 2018+4.9%+1.2%+3.7%
Q3 2018-3.5%-1.9%-7.5%
Q2 2018-6.9%-6.8%-3.9%
Q1 2018-6.7%-6.6%-2.2%
Q4 2017+0.4%+2.9%+8.1%
Q3 2017-9.3%-11.3%-12.5%
Q2 2017-4.3%-5.1%-2.0%
Q1 2017-2.6%-2.9%+1.8%
Q4 2016+4.3%+8.5%+6.3%
Q3 2016+3.9%+5.8%+5.3%
Q2 2016-10.0%
Q1 2016-9.2%
Q4 2015+0.6%
Q3 2015+8.6%
Q2 2015+2.1%
Q1 2015+5.1%
Q4 2014-1.7%
Q3 2014+2.1%
Q2 2014+8.1%
Q1 2014-5.9%
Q4 2013-6.9%
Q3 2013-0.2%
Q2 2013+0.1%
Q1 2013-4.1%
Q4 2012-0.3%
Q3 2012-0.4%
Q2 2012-11.4%
Q1 2012+5.2%
Q4 2011-4.0%
Q3 2011-3.9%
Q2 2011-0.6%
Q1 2011+0.0%
Q4 2010+1.2%
Q3 2010+1.2%
Q2 2010-2.6%
Q1 2009-2.8%
Q1 2010-1.1%
Q2 2009+2.9%
Q4 2007+2.9%
Q4 2009+2.9%
Q3 2009-3.0%
Q3 2008-3.0%
Q4 2008-3.0%

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