Hologic — May 2, 2024 release
Fiscal 2024 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-24-023989
Showing in the filing
Impact of four fewer selling days on full-year
“a headwind of more than 100 bps”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 24
Non-GAAP tax rate for FY2024
“approximately 19.75%”
Non-GAAP tax rate for FY2024
“approximately 19.75%”
Diluted shares outstanding for FY2024
“approximately 238 million”
Revenue for FY2024
“$4,000 - $4,050”
Revenue Reported % Increase (Decrease) for FY2024
“(0.8%) to 0.5%”
Revenue Constant Currency % Increase (Decrea… for FY2024
“(0.8%) to 0.4%”
Revenue Organic excluding COVID-19 % Increase for FY2024
“5.1% to 6.5%”
GAAP EPS for FY2024
“$3.45 - $3.55”
GAAP EPS Reported % Increase (Decrease) for FY2024
“88.5% to 94.0%”
Non-GAAP EPS for FY2024
“$4.02 - $4.12”
Non-GAAP EPS Reported % Increase (Decrease) for FY2024
“1.5% to 4.0%”
Revenue for Q3 FY2024
“$992.5 - $1,007.5”
Revenue Reported % Increase (Decrease) for Q3 FY2024
“0.8% to 2.4%”
Revenue Constant Currency % Increase (Decrea… for Q3 FY2024
“1.2% to 2.7%”
Revenue Organic excluding COVID-19 % Increase for Q3 FY2024
“4.0% to 5.6%”
GAAP EPS for Q3 FY2024
“$0.80 - $0.87”
GAAP EPS - Reported % Increase (Decrease) for Q3 FY2024
“600.0% to 643.8%”
Non-GAAP EPS for Q3 FY2024
“$0.98 - $1.05”
Non-GAAP EPS - Reported % Increase (Decrease) for Q3 FY2024
“5.4% to 12.9%”
Impact of four fewer selling days on full-year for FY2024
“a headwind of more than 100 bps”
Selling days headwind factored into for FY2024
“more than 100 bps”
Current revenue midpoint for FY2024
“$4,025 million ($4,022 million in constant currency)”
Revenue midpoint for FY2024
“$4,025 million”
Revenue midpoint (constant currency) for FY2024
“$4,022 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Current Guidance*
Previous Guidance
Guidance $
Reported %
Increase
(Decrease)
Constant
Currency %
Increase
(Decrease)
Organic excluding
COVID-19 %
Increase
Guidance $
Fiscal 2024
Revenue
$4,000 - $4,050
(0.8%) to 0.5%
(0.8%) to 0.4%
5.1% to 6.5%
$3,990-$4,065
GAAP EPS
$3.45 - $3.55
88.5% to 94.0%
$3.52-$3.67
Non-GAAP EPS
$4.02 - $4.12
1.5% to 4.0%
$3.97-$4.12
Q3 2024
Revenue
$992.5 - $1,007.5
0.8% to 2.4%
1.2% to 2.7%
4.0% to 5.6%
GAAP EPS
$0.80 - $0.87
600.0% to 643.8%
Non-GAAP EPS
$0.98 - $1.05
5.4% to 12.9%
*Fiscal 2024 has four fewer selling days compared to fiscal 2023. Factored into our guidance, we estimate the impact of the four fewer selling days to be a headwind of
more than 100 bps for the full year. Previously provided fiscal year revenue guidance midpoint of $4,027.5 million ($4,015.5 million in constant currency), compared to current revenue guidance midpoint of $4,025 million ($4,022 million in constant
currency).
Use of Non-GAAP Financial Measures
The Company has presented the following non-GAAP financial measures in this press release: constant currency revenues; organic revenues; organic revenues excluding
COVID-19, non-GAAP gross margin; non-GAAP operating expenses; non-GAAP operating margin; non-GAAP effective tax rate; non-GAAP net income; non-GAAP net margin; non-GAAP EPS; adjusted EBITDA; adjusted net leverage ratio and adjusted ROIC. Organic
revenue for the fiscal second quarter of 2024 excludes the divested Blood Screening and SSI ultrasound imaging businesses. Revenue from acquired businesses is generally included in organic revenue starting a year after the acquisition. Organic
revenue excluding COVID-19 revenues is organic revenue less COVID-19 assay revenue, COVID-19 related sales of instruments, collection kits and ancillaries, COVID-19 related revenue from Diagenode and Mobidiag, as well as COVID-19 related license
reve
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.