Healthcare
Medical Instruments & Supplies
$16.61B
7.1K
Key insights and themes extracted from this filing
Total revenue increased slightly from $1,013.1 million to $1,021.8 million YoY. Product revenue decreased from $828.1 million to $817.9 million, primarily due to a decrease in Breast Health revenue, offsetting gains in Diagnostics and GYN Surgical.
Operating income increased significantly from $198.2 million to $229.8 million YoY. This increase is attributed to a decrease in operating expenses, partially offset by a decline in gross profit.
Net income increased from $246.5 million to $201.0 million YoY. This increase is due to improved operating income and a favorable tax rate compared to the prior year, which included a significant discrete tax benefit.