NYSE$OGN

Organon & Co. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Organon's Q4 2022 performance saw a revenue decrease of 7% as-reported but increased by 1% ex-FX, with growth in Women's Health and Biosimilars partially offset by declines in Established Brands.

Organon reported a decrease in revenue of 7% as-reported but an increase of 1% ex-FX for Q4 2022. Women's Health and Biosimilars revenue increased, while Established Brands revenue declined. Net income was $108 million, or $0.42 per diluted share, and non-GAAP adjusted net income was $208 million, or $0.81 per diluted share.

  • Total revenue was $1,485 million, a decrease of 7% as-reported and an increase of 1% excluding the impact of foreign currency (ex-FX).
  • Women’s Health revenue increased 4% as-reported, and 9% ex-FX driven primarily by Nexplanon.
  • Biosimilars revenue increased 13% as-reported and 17% ex-FX.
  • Established Brands revenue decreased 14% as-reported and 4% ex-FX.

Headline financials

Total Revenue

$1.49B

Previous: $1.6B-7.4%
EPS (adj)

$0.81

Previous: $1.37-40.9%
Gross Margin

60.0%

Previous: 62.7%-4.3%
Non-GAAP Adjusted Gross Margin

63.1%

Previous: 66.0%-4.4%
Adjusted EBITDA Margin

25.6%

Previous: 34.2%-25.1%
Capital Expenditures

$63M

Previous: $59M+6.8%
Net Income

$108M

Previous: $202M-46.5%
Gross Profit

$891M

Previous: $1.01B-11.3%
Cash & Equivalents

$706M

Previous: $737M-4.2%
Total Assets

$11B

Previous: $10.7B+2.6%
Stock-Based Comp

$23M

Previous: $15M+53.3%

Revenue & EPS history

Organon · Revenue · Quarterly

$1.49B

Q4 2022-7.4%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Organon · $1.52B total across 4 segments · Q3 2023

  • Established Brands
    $959M
  • Women's Health
    $376M
  • Biosimilars
    $144M
  • Other
    $40M

Forward guidance

Organon does not provide GAAP financial measures on a forward-looking basis because the company cannot predict with reasonable certainty and without unreasonable effort, the ultimate outcome of legal proceedings, unusual gains and losses, the occurrence of matters creating GAAP tax impacts, and acquisition-related expenses.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-4.8%

Avg return

30 days after

40%

10 / 25 earnings

Positive

+14.4%

Q4 2023

Best reaction

-26.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+0.1%+0.1%
Q4 2025-8.2%-5.3%-17.4%
Q3 2025+14.0%+11.1%+5.9%
Q1 2025-26.9%-29.4%-28.7%
Q4 2024+11.0%+5.3%+4.1%
Q3 2024+0.8%-8.2%-11.5%
Q2 2024-5.6%-0.2%+5.8%
Q1 2024+4.1%+8.3%+13.3%
Q4 2023+14.4%+13.0%+11.7%
Q3 2023-9.2%-15.3%-21.5%
Q2 2023+6.2%+6.2%-10.7%
Q1 2023-7.1%-12.4%-18.5%
Q4 2022-11.1%-7.6%-25.9%
Q3 2022-6.1%-9.1%+3.0%
Q2 2022-3.3%-3.6%-12.5%
Q1 2022+4.8%+4.7%+12.0%
Q4 2019+0.8%-0.3%-4.9%
Q4 2021-0.7%-1.0%-3.5%
Q3 2020-3.9%-5.1%-17.2%
Q3 2021-8.0%-8.4%-21.5%
Q2 2020+3.4%-2.9%-1.4%
Q2 2021+14.3%+18.2%+13.2%
Q4 2020-1.5%+0.7%+1.6%
Q1 2020-1.5%+0.7%+1.6%
Q1 2021-1.5%+0.7%+1.6%

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