Thank you for reading my research on Seeking Alpha. If you want to learn even more about my method and how I discover these investment opportunities, please check out my subscription marketplace service, Compounding Healthcare , and sign up for a free trial. Align Technology (NASDAQ: ALGN ) recently reported mixed Q3 earnings with a beat on EPS, but a slight miss on revenue. A glance at the headline numbers shows that the company's non-GAAP EPS came in at $2.35, which beat the Street's estimate by $0.04. Me ...

Align Technology, Inc. (ALGN) delivered third-quarter 2024 adjusted earnings per share (EPS) of $2.35, up 9.8% from the year-ago level. The reported figure topped the Zacks Consensus Estimate by 1.7%.GAAP EPS for the quarter was $1.55, reflecting a decline of 1.9% from $1.58 in the comparable period of 2023. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Following the earnings announcement, ALGN stock plunged 1.49% yesterday.ALGN’s Q3 RevenuesThe top line increased 1.8% year over yea ...

Align Technology, Inc. (NASDAQ:ALGN) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Shirley Stacy - VP, Corporate Communications & IR Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Brandon Vazquez - William Blair Jon Block - Stifel Elizabeth Anderson - Evercore ISI Jason Bednar - Piper Sandler David Saxon - Needham & Company Jeff Johnson - Baird Kevin Caliendo - UBS Michael Cherny - Leerink Partners Erin W ...

Align Technology (ALGN) reported $977.87 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.8%. EPS of $2.35 for the same period compares to $2.14 a year ago. The reported revenue represents a surprise of -1.35% over the Zacks Consensus Estimate of $991.22 million. With the consensus EPS estimate being $2.31, the EPS surprise was +1.73%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Align Technology (ALGN) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.73%. A quarter ago, it was expected that this maker of the Invisalign tooth-straightening system would post earnings of $2.32 per share when it actually produced earnings of $2.41, delivering a surprise of 3.88% ...

O IQ In | 米 invisalign | Tero ©2024 Align Technology Inc. All rights reserved. 1 exocad Q3 2024 Financial Results Align Technology, Inc. October 23, 2024 Q3 2024 Conference Call Details Conference call Speakers: Joe Hogan, President and CEO John Morici, CFO Shirley Stacy, VP, Finance, Investor Relations and Corporate Communications Webcast Archive: Audio webcast archive will be available at http://investor.aligntech.com for one month Contacts Website: http://investor.aligntech.com Email: investorinfo@alignt ...

Revenue Performance - Q3'24 total revenues were $977.9 million, an increase of 1.8% year-over-year, but a decrease of 4.9% sequentially[1] - Q3'24 Clear Aligner revenues were $786.8 million, down 5.4% sequentially and down 1.0% year-over-year[1] - Q3'24 Imaging Systems and CAD/CAM Services revenues were $191.0 million, an increase of 15.6% year-over-year[1] - Net revenues for Q3 2024 reached $977.872 million, a 1.7% increase from $960.214 million in Q3 2023[25] - GAAP net revenues for Q3 2024 were $977,872, a year-over-year increase of 1.8% from $960,214 in Q3 2023[34] - Clear Aligner net revenues for Q3 2024 were $786,844, down from $794,939 in Q3 2023, reflecting a year-over-year decrease of 1.4%[35] - Imaging Systems and CAD/CAM Services net revenues for Q3 2024 were $191,028, up 15.6% from $165,275 in Q3 2023[35] - Constant currency net revenues for Q3 2024 were $977,747, reflecting no impact from foreign exchange[34] Profitability Metrics - Q3'24 operating income was $162.3 million, resulting in an operating margin of 16.6%, down 0.7 points year-over-year[2] - Q3'24 net income was $116.0 million, or $1.55 per diluted share, with non-GAAP net income of $175.6 million, or $2.35 per diluted share[2] - Gross profit for Q3 2024 was $681.774 million, compared to $663.076 million in Q3 2023, reflecting a gross margin improvement[25] - GAAP gross profit for Q3 2024 was $681,774, compared to $663,076 in Q3 2023, resulting in a gross margin of 69.7%[39] - Non-GAAP gross profit for Q3 2024 was $688,546,000, compared to $667,875,000 in Q3 2023, reflecting a year-over-year increase of 3.1%[43] - GAAP net income for Q3 2024 was $115,963,000, down from $121,427,000 in Q3 2023, a decrease of 4.0%[45] - Non-GAAP net income for Q3 2024 was $175,622,000, up from $164,321,000 in Q3 2023, indicating a growth of 6.5%[45] - GAAP operating margin for Q3 2024 was 16.6%, slightly down from 17.3% in Q3 2023[43] - Non-GAAP operating margin for Q3 2024 was 22.1%, compared to 21.8% in Q3 2023, showing an improvement of 1.4%[45] Operating Expenses and Cash Flow - Operating expenses increased to $519.476 million in Q3 2024 from $496.730 million in Q3 2023, with R&D expenses slightly decreasing to $85.272 million[25] - The company reported a total operating expense of $519,476,000 for Q3 2024, an increase from $496,730,000 in Q3 2023, reflecting a rise of 4.0%[43] - Net cash provided by operating activities for Q3 2024 was $452.153 million, a decrease from $738.878 million in Q3 2023[29] - As of September 30, 2024, cash and cash equivalents were $1.0 billion, up from $761.4 million as of June 30, 2024[1] - Cash and cash equivalents increased to $1.042 billion as of September 30, 2024, up from $937.438 million at the end of 2023[27] Future Outlook - The company plans to repurchase up to $275.0 million of its common stock beginning in Q4'24[1] - For Q4'24, the company expects worldwide revenues to be in the range of $995 million to $1,015 million[11] - Q4'24 GAAP operating margin is expected to be slightly lower than 14.0% due to restructuring charges impacting operating margin by approximately 3 points[11] - The company anticipates incurring restructuring charges of approximately $30 million in Q4'24[6] - Align Technology anticipates continued growth in Clear Aligner volume and ASP, with expectations for Q4 2024 revenues to remain strong[21] - The company expects continued growth in the number of trained doctors and utilization rates in the upcoming quarters[31] Balance Sheet Highlights - Total assets grew to $6.366 billion as of September 30, 2024, compared to $6.084 billion at the end of 2023[27] - Total stockholders' equity increased to $3.944 billion from $3.630 billion at the end of 2023[27] - The company reported a decrease in deferred revenues to $1.380 billion from $1.428 billion at the end of 2023[27] Utilization and Training - The number of Invisalign trained doctors increased to 85,195 in Q3 2023, up from 83,440 in Q2 2023[31] - Total utilization rates for North America in Q3 2024 were 9.6%, with North American orthodontists at 28.8% and GP dentists at 4.9%[31] - Stock-based compensation included in gross profit for Q3 2024 was $1,974, compared to $1,901 in Q2 2023[32] - Stock-based compensation for Q3 2024 was $49,039,000, compared to $39,602,000 in Q3 2023, an increase of 23.0%[45]

The third-quarter 2024 earnings season has just kicked off for the MedTech space, with a number of bigwigs scheduled to release their results this week. Per the latest Earnings Preview, quarterly results of the broader Medical sector are projected to improve year over year, backed by strong product revenues on demand growth across all industries, offsetting the shortcomings generated from worldwide geopolitical issues and healthcare labor shortages. However, bottom-line results might significantly lag the s ...

Analysts on Wall Street project that Align Technology (ALGN) will announce quarterly earnings of $2.31 per share in its forthcoming report, representing an increase of 7.9% year over year. Revenues are projected to reach $991.22 million, increasing 3.2% from the same quarter last year. Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...

Align Technology, Inc. (ALGN) is set to release third-quarter 2024 results on Oct. 23, after the closing bell.In the last reported quarter, the company posted adjusted earnings per share (EPS) of $2.41, which topped the Zacks Consensus Estimate by 3.9%. Align Technology beat on earnings in three of the trailing four quarters and missed in one, the average surprise being 4.42%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.ALGN’s Q3 EstimatesThe Zacks Consensus Estimate for revenues i ...