| Q4 total revenues of $995.2 million and FY2024 total revenues of $4.0 billion |
| Q4 and FY2024 total revenues up 4.0% year-over-year and up 3.5% year-over-year, respectively |
| Q4 Clear Aligner volumes are up 1.9% sequentially, and up 6.1% year-over-year. |
| Q4 Systems and Services revenues are up 5.2% sequentially, and up 14.9% year-over-year. |
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- 2024 total revenues of $4.0 billion, Clear Aligner revenues of $3.2 billion and Systems and Services revenues of $768.9 million
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- 2024 revenues were unfavourably impacted by foreign exchange of approximately $38.5 million compared to 2023(1)
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- 2024 operating margin of 15.2%, non-GAAP operating margin of 21.8%, and diluted net income per share of $5.62, non-GAAP diluted net income per share of $9.33
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- 2024 operating margin was unfavourably impacted by foreign exchange of approximately 0.7 points compared to 2023(1)
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- Repurchased $352.9 million of common stock in 2024
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- Q4'24 total revenues of $995.2 million, and diluted net income per share of $1.39, non-GAAP diluted net income per share of $2.44
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- Q4’24 diluted net income per share was unfavourably impacted by a stronger U.S. dollar, which amounted to approximately $0.14 per diluted share due to net foreign exchange losses related to the revaluation of certain balance sheet accounts
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- Q4'24 revenues were favourably impacted by foreign exchange of approximately $0.8 million sequentially and unfavourably impacted by approximately $0.9 million year-over-year(1)
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- Q4'24 restructuring and other charges of $37.0 million, primarily related to post-employment benefits
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| Align Technology, Inc. (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today reported financial results for the fourth quarter ("Q4'24") and year ended December 31, 2024 ("2024"). Q4'24 total revenues were $995.2 million, up 1.8% sequentially and up 4.0% year-over-year. Q4'24 total revenues were favourably impacted by foreign exchange of approximately $0.8 million or 0.1% sequentially and unfavourably impacted by approximately $0.9 million or 0.1% year-over-year. (1) Q4'24 Clear Aligner revenues were $794.3 million, up 0.9% sequentially and up 1.6% year-over-year. Q4'24 Clear Aligner revenues were favourably impacted by foreign exchange of approximately $0.7 million or 0.1% sequentially and unfavourably impacted by approximately $0.7 million or 0.1% year-over-year. (1) Q4'24 Clear Aligner volume was up 1.9% sequentially and up 6.1% year-over-year. Q4'24 Imaging Systems and CAD/CAM Services revenues were $200.9 million, up 5.2% sequentially and up 14.9% year-over-year. Q4'24 Imaging Systems and CAD/CAM Services revenues werewerfavourablyy impacted by foreign exchange of approximately $0.1 million or flat sequentially and unfavourably impacted by approximately $0.2 million or 0.1% year-over-year. (1) Q4'24 operating income was $144.1 million resulting in an operating margin of 14.5%. Q4'24 operating margin was favourably impacted by foreign exchange of approximately 0.1 points sequentially and unfavourably impacted by approximately 0.2 points year-over-yea r.(1) Q4'24 net income was $103.8 million, or $1.39 per diluted share. Q4’24 diluted net income per share wunfavourably impacted by a stronger U.S. dollar, which amounted to approximately $0.14 per diluted share due to net foreign exchange losses related to the revaluation of certain balance sheet accounts. On a non-GAAP basis, Q4'24 net income was $181.6 million, or $2.44 per diluted share. During Q4'24, we incurred a total of $37.0 million of restructuring and other charges, primarily related to post-employment benefits. |
| 2024 total revenues of $4.0 billion were unfavourably impacted by foreign exchange of approximately $38.5 million or 1.0% compared to 2023. (1) 2024 Clear Aligner revenues of $3.2 billion were unfavourably impacted by foreign exchange of approximately $31.0 million or 1.0% compared to 202 3. (1) 2024 Imaging Systems and CAD/CAM Services revenues of $768.9 million weunfavourablybly impacted by foreign exchange of approximately $7.5 million or 1.0% compared to 2023. (1 |
| Commenting on Align's Q4'24 and 2024 results, Align Technology President and CEO Joe Hogan said, “I am pleased to report that Q4 total revenues, Clear Aligner volumes, and Systems and Services revenues were in line with our Q4 outlook and both GAAP and non-GAAP operating margins were better than our Q4 outlook. Q4 Clear Aligner ASPs were lower than our Q4 outlook due primarily to the impact of unfavourable foreign exchange from the strengthening U.S. dollar against major currencies from late October through December. On a year-over-year basis, fourth-quarter revenues of $995.2 million increased by 4.0%, reflecting 14.9% growth from Systems and Services revenues and 1.6% growth from Clear Aligner revenues. On a year-over-year basis, Clear Aligner volumes grew 6.1%, driven by increased shipments across all regions—with strength in the EMEA, APAC, and LATAM regions, and stability in North America. From a channel perspective, Clear Aligner volumes in the ortho and general practitioner dentist (“GP”) channels were up on a year-over-year basis with the number of submitters and utilization amongst the highest in the past few years. On a sequential basis, fourth-quarter revenue growth of 1.8% reflects continued momentum from sales of our iTero Lumina™ scanners and increased Invisalign® Clear Aligner volumes in the EMEA region, especially from teens and growing patients, as well as growth from the LATAM region - across Orthodontists and GP Dentists, offset by Clear Aligner seasonality in APAC, mostly in China, which had a strong teen quarter in Q3. For Americas, Q4 Clear Aligner volumes reflect a seasonally soft orthodontic channel, offset somewhat by strength in the GP channel in the adult segment. For the full year fiscal 2024, total revenues of $4.0 billion and Clear Aligner volumes of 2.5 million cases were both up 3.5% year-over-year. As of Q4'24, we achieved several cumulative milestones including 271.6 thousand active Invisalign® trained practitioners, 19.5 million Invisalign patients—including over 5.6 million teens and kids, and over 2 billion clear aligners manufactured worldwide.” |
| For the full document click the link below: |
| Align Technology, Inc. |
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