QuidelOrtho (NASDAQ:QDEL) Reports Q1 In Line With Expectations, Stock Soars
Is now the time to buy QuidelOrtho? Find out in our full research report.
QuidelOrtho (QDEL) Q1 CY2025 Highlights:
Revenue: $692.8 million vs analyst estimates of $689.8 million (2.6% year-on-year decline, in line)
Adjusted EPS: $0.74 vs analyst estimates of $0.59 (25% beat)
Adjusted EBITDA: $159.8 million vs analyst estimates of $149.4 million (23.1% margin, 7% beat)
The company reconfirmed its revenue guidance for the full year of $2.71 billion at the midpoint
Management reiterated its full-year Adjusted EPS guidance of $2.32 at the midpoint
EBITDA guidance for the full year is $595 million at the midpoint, in line with analyst expectations
Operating Margin: 4.7%, up from -247% in the same quarter last year
Constant Currency Revenue fell 1.1% year on year (-15.5% in the same quarter last year)
Market Capitalization: $1.75 billion
'We delivered solid first quarter performance driven by growth in our Labs business and the strength of our recurring revenue business model,' said Brian J. Blaser, President and Chief Executive Officer, QuidelOrtho.
Company Overview
Born from the 2022 merger of Quidel and Ortho Clinical Diagnostics, QuidelOrtho (NASDAQ:QDEL) develops and manufactures diagnostic testing solutions for healthcare providers, from rapid point-of-care tests to complex laboratory instruments and systems.
Sales Growth
Examining a company's long-term performance can provide clues about its quality. Any business can have short-term success, but a top-tier one grows for years. Luckily, QuidelOrtho's sales grew at an excellent 23.3% compounded annual growth rate over the last five years. Its growth beat the average healthcare company and shows its offerings resonate with customers.
QuidelOrtho Quarterly Revenue
We at StockStory place the most emphasis on long-term growth, but within healthcare, a half-decade historical view may miss recent innovations or disruptive industry trends. QuidelOrtho's recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 5.7% over the last two years.
QuidelOrtho Year-On-Year Revenue Growth
We can better understand the company's sales dynamics by analyzing its constant currency revenue, which excludes currency movements that are outside their control and not indicative of demand. Over the last two years, its constant currency sales averaged 8.9% year-on-year declines. Because this number is lower than its normal revenue growth, we can see that foreign exchange rates have boosted QuidelOrtho's performance.
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