Healthcare
Medical Devices
$132.81B
48K
Key insights and themes extracted from this filing
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.