Embecta reports Q3 adjusted EPS 69c, consensus 46c

Reports Q3 revenue $286.1M, consensus $275.06M. “Having completed nearly a year and a half as an independent, publicly-traded company, we continue to make significant progress in building an organization well-positioned to advance our mission to develop and provide solutions that make life better for people living with diabetes,” said Devdatt (Dev) Kurdikar, CEO of embecta. “We remain steadfast in our focus on three strategic priorities: strengthening our base business, separating and standing up embecta as an independent company, and investing for growth. While executing against initiatives in each of these areas, we continued to deliver quarterly financial results that exceeded our expectations. With strong year-to-date performance, we are tightening and raising our fiscal 2023 outlook for our key financial metrics.”