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Stock impact report

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

Embecta Corp. (EMBC) 
Company Research Source: Yahoo! Finance
"Building on our performance during 2023, embecta delivered strong results for the first quarter of 2024," said Devdatt (Dev) Kurdikar, Chief Executive Officer of embecta. "During the first quarter, I am pleased to report that we transitioned approximately sixty percent of our revenue to our own ERP system, shared service capability and distribution infrastructure, while delivering financial results that exceeded our expectations. Importantly, we also made progress on our strategic priorities, including the 510(k) filing of our open-loop patch pump with the FDA. Given our performance during the first quarter, coupled with our outlook for the remainder of the year, we are raising our guidance for certain key financial reporting metrics." First Quarter Fiscal Year 2024 Financial Highlights Revenues of $277.3 million, up 0.6% on a reported basis; down 0.3% on a constant currency basis U.S. revenues decreased 0.5% on both a reported and constant currency basis International reven Show less Read more
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