HighGravityData

Abbott Laboratories — Oct 16, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-24-042893
Open on SEC.gov ↗
Showing in the filing
Diluted EPS on a GAAP basis
“$3.34 to $3.40”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 10
Organic sales growth, excluding COVID-19 tes… for FY2024
“9.5% to 10.0%”
Diluted EPS on a GAAP basis for FY2024
“$3.34 to $3.40”
Adjusted diluted EPS for FY2024
“$4.64 to $4.70”
New share repurchase program authorization
“up to $7 billion”
Specified items per share forecast for FY2024
“$1.30 per share”
Diluted EPS (GAAP) for Q4 FY2024
“$0.96 to $1.02”
Diluted EPS under GAAP for Q4 FY2024
“$0.96 to $1.02”
Specified items per share forecast for Q4 FY2024
“$0.35 per share”
Adjusted diluted EPS for Q4 FY2024
“$1.31 to $1.37”
Quarterly dividend
“$0.55 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Third-quarter GAAP diluted EPS of $0.94 and adjusted diluted EPS of $1.21, which excludes specified items. • Abbott maintains its full-year 2024 organic sales growth guidance range of 9.5% to 10.0%, excluding COVID-19 testing-related sales 2 . • Abbott now projects full-year diluted EPS on a GAAP basis of $3.34 to $3.40 and projects adjusted diluted EPS of $4.64 to $4.70, which represents an increase at the midpoint of the guidance range. • In October, Abbott's board of directors authorized a new share repurchase program of up to $7 billion of the company's common shares. • In August, Abbott announced a unique global partnership with Medtronic to collaborate on connecting Abbott's world-leading continuous glucose monitoring (CGM) system with Medtronic's insulin delivery devices. • In September, Abbott announced the U.S. launch of Lingo ™ , the company's first continuous glucose monitoring system available without a prescription and designed for people interested in improving their overall health and wellness. • In September, Abbott announced a partnership with the Big Ten Conference ® to conduct a nationwide blood donation competition to help increase the U.S. blood supply. • In September, Abbott completed enrollment ahead of schedule in its VOLT-AF IDE trial, which is designed to evaluate the Volt ™ Pulsed Field Ablation (PFA) System for treating patients with heart rhythm disorders such as atrial fibrillation (AFib). "Our results this quarter demonstrate the strength of our diversified business
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.