Sector: Healthcare|Industry: Medical Devices|Market Cap: $132.81B|Employees: 48K
Boston Scientific Corporation is a global developer, manufacturer, and marketer of medical devices used in various interventional medical specialties. The company's primary revenue streams are derived from the sale of these medical devices, which are used to diagnose and treat a wide range of diseases and medical conditions. Boston Scientific is a leader in less-invasive medical solutions, offering a broad range of high-performance products and solutions in key markets worldwide.
Net sales increased to $4.209 billion in Q3 2024, up 19.4% YoY, driven by strong commercial execution and recent acquisitions like Relievant and Silk Road Medical. Organic growth contributed 18.2% to the increase, with acquisitions adding 1.3%.
Reported net income attributable to Boston Scientific common stockholders decreased to $469 million in Q3 2024, compared to $505 million in Q3 2023. This was due to various charges and credits, including amortization, acquisition costs, and restructuring.
Adjusted net income attributable to Boston Scientific common stockholders was $937 million in Q3 2024, compared to $732 million in Q3 2023, after excluding certain charges and credits. This indicates underlying profitability improvement.