Hologic, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
May 03, 2024 at 01:31 am IST
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Hologic, Inc. reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported revenue was USD 1,017.8 million compared to USD 1,026.5 million a year ago. Net income was USD 169.9 million compared to USD 218.5 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.87 a year ago.
For the six months, revenue was USD 2,030.9 million compared to USD 2,100.7 million a year ago. Net income was USD 416.4 million compared to USD 405.9 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 1.63 a year ago.
Hologic, Inc. is the world leader in the design, manufacturing and marketing of diagnostic products, medical imaging systems and surgical products dedicated to women's health. Net sales break down by area of application as follows:
- molecular diagnostics (46.7%): rapid diagnostic tests for human diseases detection (sexually transmitted infections, respiratory diseases, viral diseases, infectious diseases, cancers of the cervix and prostate, etc.) and fetal fibronectin;
- breast health (35.5%): digital mammography and breast biopsy solutions and systems;
- gynecological surgery (15%): endometrial ablation devices, minimally invasive intervention systems for the hysteroscopic elimination of targeted intrauterine diseases (including fibroids and polyps). The group also offers fluid management systems for use in hysteroscopic procedures;
- bone health (2.8%): bone imaging systems, bone sonometers and osteodensitometers for bone structure and density, and osteoporotic fractures risk assessment.
Net sales break down by source of revenue between sales of products (81.4%) and services (18.6%).
Net sales are distributed geographically as follows: the United States (75.9%), Europe (12.9%), Asia/Pacific (6.3%) and other (4.9%).