Embecta Corp. Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results; Provides Initial Fiscal Year 2025 Financial Guidance; Discontinues Insulin Patch Pump Program; and Announc...
Embecta Corp. (EMBC)
Company Research
Source: Yahoo!
reported financial results for the three- and twelve-month periods ended September 30, 2024. "We are pleased to report a strong fourth quarter and end to our fiscal year, as we once again delivered results that exceeded our expectations across key financial metrics. We continued to execute on our strategic priorities, and to date, our significant accomplishments include the successful transition of approximately 98% of our revenue to our own ERP system, shared service capabilities, and distribution infrastructure, with India remaining as our only deferred market. Additionally, the recent launch of our small-pack GLP-1 needles in Germany has gone well, and we are evaluating expanding into other markets," said Devdatt (Dev) Kurdikar, Chief Executive Officer of embecta. Mr. Kurdikar continued: "As our stand-up work nears completion and following an in-depth review of our portfolio and strategy, we have decided to discontinue our insulin patch pump program and initiate an organization
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EMBC
News
- embecta to Participate at the 43rd Annual J.P. Morgan Healthcare ConferenceGlobeNewswire
- Here Is Why Bargain Hunters Would Love Fast-paced Mover Embecta Corp. (EMBC) [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley bullish on medtech in 2025, upgrades 5 stocks [Seeking Alpha]Seeking Alpha
- New Strong Buy Stocks for December 2nd [Yahoo! Finance]Yahoo! Finance
- Embecta Corp. (NASDAQ: EMBC) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $20.00 price target on the stock, up previously from $13.00.MarketBeat
EMBC
Earnings
- 11/26/24 - Beat
EMBC
Sec Filings
- 12/19/24 - Form ARS
- 12/19/24 - Form DEFA14A
- 12/19/24 - Form DEF
- EMBC's page on the SEC website