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Stock impact report

QuidelOrtho Corp (QDEL) Q3 2024 Earnings Call Highlights: Strategic Initiatives Drive Growth ... [Yahoo! Finance]

QuidelOrtho Corporation (QDEL) 
Last quidelortho corporation earnings: 2/12 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.quidel.com
Company Research Source: Yahoo! Finance
QuidelOrtho Corp ( ) reported Q3 revenue of $727 million, demonstrating solid progress in executing business improvement initiatives. The company achieved adjusted EBITDA of $171 million, marking the first quarter in nine quarters to achieve growth in both adjusted EBITDA dollars and margin since the pandemic. QuidelOrtho Corp ( ) has strengthened its leadership team with the addition of experienced industry leaders, enhancing its focus on technology and human resources. The company is implementing cost and process improvement initiatives expected to deliver incremental margin contributions in 2025 and 2026. QuidelOrtho Corp ( ) reinstated its full-year 2024 financial guidance, reflecting confidence in its business strategy and execution. Total reported revenue declined by approximately 2% due to higher COVID-19 and flu revenue in the prior year period. The company faces potential headwinds from China's anticorruption policies and changes to reimbursement on cardiac produ Show less Read more
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