leadf
logo-loader
viewAlign Technology

Align Technology beaming after record shipments

Revenue, margins and EPS were above the high end of guidance.

picture of people smiling
Smile please, you can't see the aligner

Align Technology (NASDAQ:ALGN) reported another good quarter for its invisible teeth straighteners.

Revenues rose 34% to US$277mln, with shipments of its dental aligners up 20.5% to almost 180,000 as international sales soared.

Net profit of US$51.4mln was 86% higher than a year ago.

Joe Hogan, chief executive, said it had been a solid quarter with revenue, margins and EPS above the high end of guidance.

“Our results were driven by record Invisalign case volume, up 20.5% year-over-year reflecting growth across all customer channels and geographies, as well as continued demand for iTero scanners."

For the current quarter, Align expects Clear Aligner case shipments to rise  by up to 15% to  184,500

Net revenues will be in the range of $289.2mln to $293.9mln and earnings between US$0.64 and US$0.67.

Quick facts: Align Technology

Price: 322.57 USD

NASDAQ:ALGN
Market: NASDAQ
Market Cap: $25.41 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Orthocell 'in exciting regulatory phase' as it looks to drive its...

Orthocell Ltd's (ASX:OCC) Paul Anderson says the company's in an exciting regulatory phase having validated its technologies in the clinic and defining pathways to market through the US FDA process. ''We have some significant milestones ahead of us - we have an application within the FDA at the...

18 hours, 19 minutes ago

2 min read