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Hologic — Nov 4, 2024 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-24-045107
Open on SEC.gov ↗
Showing in the filing
Anticipated closing of Gynesonics acquisition
“first half of calendar year 2025”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 24
Accelerated share repurchase (ASR) agreement for Q1 FY2025
“$250 million”
Anticipated closing of Gynesonics acquisition for FY2025
“first half of calendar year 2025”
Non-GAAP tax rate ( basis) for FY2025
“approximately 19.5%”
Non-GAAP tax rate for FY2024
“approximately 19.5%”
Diluted shares outstanding ( basis) for FY2025
“approximately 235 million”
Diluted shares outstanding for FY2024
“approximately 235 million”
Revenue for FY2025
“$4,150 - $4,200”
Revenue Reported % Increase (Decrease) for FY2025
“3.0% to 4.2%”
Revenue Constant Currency % Increase (Decrea… for FY2025
“2.3% to 3.5%”
Revenue Organic % Increase (Decrease) for FY2025
“1.7% to 3.0%”
Revenue Organic excluding COVID-19 % Increas… for FY2025
“3.4% to 4.7%”
GAAP EPS for FY2025
“$3.53 - $3.63”
GAAP EPS Reported % Increase (Decrease) for FY2025
“6.3% to 9.3%”
Non-GAAP EPS for FY2025
“$4.25 - $4.35”
Non-GAAP EPS Reported % Increase (Decrease) for FY2025
“4.2% to 6.6%”
Revenue for Q1 FY2025
“$1,025 - $1,035”
Revenue Reported % Increase (Decrease) for Q1 FY2025
“1.2% to 2.2%”
Revenue Constant Currency % Increase (Decrea… for Q1 FY2025
“0.4% to 1.4%”
Revenue Organic % Increase (Decrease) for Q1 FY2025
“(0.2%) to 0.8%”
Revenue Organic excluding COVID-19 % Increas… for Q1 FY2025
“1.8% to 2.8%”
GAAP EPS for Q1 FY2025
“$0.81 - $0.84”
GAAP EPS Reported % Increase (Decrease) for Q1 FY2025
“(21.4%) to (18.4%)”
Non-GAAP EPS for Q1 FY2025
“$1.00 - $1.03”
Non-GAAP EPS Reported % Increase (Decrease) for Q1 FY2025
“2.0% to 5.1%”
Exhibit 99.1 · the passage around this item
… earlier in the release
• On October 14, 2024, the Company announced its agreement to acquire Gynesonics, Inc., a privately held medical device company focused on the development of minimally invasive solutions for women’s health for approximately $350 million, subject to adjustment, as the Company seeks to broaden its surgical portfolio. The Company anticipates closing this acquisition in the first half of calendar year 2025. Completion of the acquisition is subject to customary closing conditions, including receipt of required regulatory approvals. Key financial results for the fiscal fourth quarter are shown in the table below.     GAAP   Non-GAAP       Q4’24   Q4’23   Change Increase (Decrease)   Q4’24   Q4’23   Change Increase (Decrease)   Revenues   $987.9   $945.3   4.5%   $987.9   $945.3   4.5%   Gross Margin   56.5%   52.9%   360 bps   61.5%   60.4%   110 bps   Operating Expenses   $327.6   $367.8   (10.9%)   $311.0   $303.7   2.4%   Operating Margin   23.3%   14.0%   930 bps   30.0%   28.3%   170 bps   Net Margin   18.1%   9.6%   850 bps   24.0%   23.2%   80 bps   Diluted EPS   $0.76   $0.37   105.4%   $1.01   $0.89   13.5%  
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.