tiprankstipranks
Company Announcements

Alcon Inc. Reports Strong 2024 Financial Results with Record Cash Generation

Story Highlights
Alcon Inc. Reports Strong 2024 Financial Results with Record Cash Generation

Alcon ( (CH:ALC) ) has shared an announcement.

Alcon Inc. reported robust financial results for the full year 2024, with sales reaching $9.8 billion, marking a 5% increase on a reported basis and 6% in constant currency. The company also achieved record cash generation, with $2.1 billion in cash from operations and $1.6 billion in free cash flow, a 120% increase. Alcon’s strong performance is attributed to its focus on innovation and operational excellence, which is expected to continue into 2025, enhancing long-term value for stakeholders.

More about Alcon

Alcon Inc. is a global leader in eye care, primarily focusing on the development and manufacturing of surgical and vision care products. The company is headquartered in Fribourg, Switzerland, and is listed on the SIX and NYSE stock exchanges.

YTD Price Performance: 7.01%

Average Trading Volume: 1,107,046

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $44.9B

For a thorough assessment of ALC stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App