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Stock impact report

Embecta Corp. Reports Second Quarter Fiscal 2024 Financial Results [Yahoo! Finance]

Embecta Corp. (EMBC) 
Company Research Source: Yahoo! Finance
reported financial results for the three and six month periods ended March 31, 2024. "Our performance in the second quarter and fiscal first half of 2024 underscores the resiliency of our base business, as well as strong operational execution by our global team. Since our spinoff approximately two years ago, we've remained steadfast in delivering on our financial and strategic priorities, including standing embecta up as an independent company; maintaining stability within our core injection business; and investing in growth, most notably behind our insulin patch pump," said Devdatt (Dev) Kurdikar, Chief Executive Officer of embecta. "During the second quarter, I am pleased to report that we made progress in each of these areas as evidenced by the transition of approximately 85 percent of our revenue to our own ERP system, shared service capability and distribution infrastructure; FDA's continued review of our insulin patch pump 510(k) filing; and delivering financial results that Show less Read more
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