Brief: Embecta Reports Q4 and FY 2024 Results, Provides FY 2025 Guidance, Ends Insulin Patch Program

Embecta

26/11/2024 11:42

Nov 26 (Reuters) - Embecta Corp  EMBC.O :
    * . REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR
FINANCIAL
RESULTS; PROVIDES INITIAL FISCAL YEAR 2025 FINANCIAL GUIDANCE;
DISCONTINUES INSULIN PATCH PUMP PROGRAM; AND ANNOUNCES
RESTRUCTURING TO STREAMLINE OPERATIONS AND REDUCE COSTS
    * EMBECTA - WILL INCUR PRE-TAX, CASH CHARGES FOR PLANNED
WORKFORCE
REDUCTIONS & OTHER ASSOCIATED COSTS FROM DISCONTINUATION OF
PATCH PUMP PROGRAM
    * : QTRLY EPS $0.25
    * Q4 EARNINGS PER SHARE VIEW $0.36 -- LSEG IBES DATA
    * EMBECTA - EXPECTS DISCONTINUATION OF PATCH PUMP PROGRAM &
ORGANIZATIONAL TO GENERATE ANNUALIZED PRE-TAX COST SAVINGS
BETWEEN $60 MILLION & $65 MILLION
    * : QTRLY ADJUSTED EPS $0.45
    * : OUTLOOK FY25 REVENUE $1,093 MILLION - $1,110 MILLION
    * FY2024 EARNINGS PER SHARE VIEW $2.39, REVENUE VIEW $1.11
BILLION
-- LSEG IBES DATA
    * OUTLOOK FY25 ADJUSTED EPS $2.70 - $2.90
    * FY2025 EARNINGS PER SHARE VIEW $2.27 -- LSEG IBES DATA

Source text:  ID:nGNX2VqhBq 
Further company coverage:  EMBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))