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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
Specified items per share forecast
“$1.30 per share”
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
For purposes of calculating organic sales growth, the impact from this acquired business has been excluded from January through April 2024. -- more -- Page 6 of 20 ABBOTT'S EARNINGS-PER-SHARE GUIDANCE Abbott projects full-year 2024 diluted earnings per share under GAAP of $3.34 to $3.40. Abbott forecasts specified items for the full-year 2024 of $1.30 per share primarily related to intangible amortization, restructuring and cost reduction initiatives and other net expenses. Excluding specified items, projected adjusted diluted earnings per share would be $4.64 to $4.70 for the full-year 2024. Abbott projects fourth-quarter 2024 diluted earnings per share under GAAP of $0.96 to $1.02. Abbott forecasts specified items for the fourth-quarter 2024 of $0.35 per share primarily related to intangible amortization, restructuring and cost reduction initiatives and other net expenses. Excluding specified items, projected adjusted diluted earnings per share would be $1.31 to $1.37 for the fourth quarter 2024. ABBOTT DECLARES 403 RD  CONSECUTIVE QUARTERLY DIVIDEND On Sept. 19, 2024, the board of directors of Abbott declared the company's quarterly dividend of $0.55 per share. Abbott's cash dividend is payable Nov. 15, 2024, to shareholders of record at the close of business on Oct. 15, 2024. Abbott has increased its dividend payout for 52 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years. About Abbott: Abbott is a global he
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.