Market Recovery And Strategic PositioningThe bioprocess market shows signs of recovery with book-to-bill ratios trending up and consumables orders increasing, signaling that de-stocking has run its course, which supports RGEN's above-market growth profile and strategic positioning.
Product Launch And Revenue GrowthRGEN has maintained a steady cadence of around 10 new product launches per year across its portfolio, with new products launched in recent years significantly contributing to revenue growth.
Revenue Guidance And Growth ProspectsRGEN reaffirmed its underlying 2024 revenue guidance and updated the range to $627-642M, with expectations of core base business growth inflection of +11% y/y in 2H24, highlighting a strong growth outlook.