Nov 26 (Reuters) - Embecta Corp EMBC.O:
. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS; PROVIDES INITIAL FISCAL YEAR 2025 FINANCIAL GUIDANCE; DISCONTINUES INSULIN PATCH PUMP PROGRAM; AND ANNOUNCES RESTRUCTURING TO STREAMLINE OPERATIONS AND REDUCE COSTS
EMBECTA - WILL INCUR PRE-TAX, CASH CHARGES FOR PLANNED WORKFORCE REDUCTIONS & OTHER ASSOCIATED COSTS FROM DISCONTINUATION OF PATCH PUMP PROGRAM
: QTRLY EPS $0.25
Q4 EARNINGS PER SHARE VIEW $0.36 -- LSEG IBES DATA
EMBECTA - EXPECTS DISCONTINUATION OF PATCH PUMP PROGRAM & ORGANIZATIONAL TO GENERATE ANNUALIZED PRE-TAX COST SAVINGS BETWEEN $60 MILLION & $65 MILLION
: QTRLY ADJUSTED EPS $0.45
: OUTLOOK FY25 REVENUE $1,093 MILLION - $1,110 MILLION
FY2024 EARNINGS PER SHARE VIEW $2.39, REVENUE VIEW $1.11 BILLION -- LSEG IBES DATA
OUTLOOK FY25 ADJUSTED EPS $2.70 - $2.90
FY2025 EARNINGS PER SHARE VIEW $2.27 -- LSEG IBES DATA
Source text: ID:nGNX2VqhBq
Further company coverage: EMBC.O
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