EMBC FY 2023 Earnings Report — Embecta Corp. Revenue & Financial Results | Market Cap Arena

Embecta Corp.EMBC

FY 2023 Earnings

Reported November 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	-0.8%
Op. Income	$230M	—	$378M	—	-39.3%
Gross Margin	66.9%	—	68.6%	—	-1.7pp
Net Margin	6.3%	—	19.8%	—	-13.5pp
EPS (Diluted)	$1.22	—	$3.89	—	-68.6%
Free Cash Flow	$41M	—	$388M	—	-89.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$371M
GROSS PROFIT	$750M
R&D Expenses	$85M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$94M
Operating Expenses	$520M
Cost & Expenses	$891M
OPERATING INCOME	$230M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$106M
Income Tax Expense	$35M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$33M
EBIT	$213M
EBITDA	$245M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$371M
GROSS PROFIT	$750M
R&D Expenses	$85M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$94M
Operating Expenses	$520M
Cost & Expenses	$891M
OPERATING INCOME	$230M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$106M
Income Tax Expense	$35M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$33M
EBIT	$213M
EBITDA	$245M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$33M
Stock-Based Compensation	$22M
Deferred Income Tax	$14M
Other Non-Cash Items	$9M
Change in Working Capital	-$80M
OPERATING CASH FLOW	$68M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$34M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$41M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$326M
Short-Term Investments	$0
Net Receivables	$18M
Inventory	$152M
Other Current Assets	$142M
TOTAL CURRENT ASSETS	$749M
PP&E (Net)	$323M
Goodwill	$16M
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$117M
TOTAL NON-CURRENT ASSETS	$465M
TOTAL ASSETS	$1.2B
Account Payables	$54M
Short-Term Debt	$10M
Deferred Revenue	$34M
Other Current Liabilities	$34M
TOTAL CURRENT LIABILITIES	$354M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.0B
Common Stock	$600.0K
Additional Paid-In Capital	$28M
Retained Earnings	-$541M
Treasury Stock	$0
Accum. Other Comp. Income	-$309M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$822M
Minority Interest	$0
TOTAL EQUITY	-$822M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$1.6B
Net Debt	$1.3B