Medtronic plc

MDT
Sector

Healthcare

Industry

Medical Devices

Market Cap

$105.76B

Employees

95K

Company Overview

Medtronic plc is a leading global medical technology company that alleviates pain, restores health, and extends life. The company's primary revenue streams are device-based medical therapies and services across four segments: cardiovascular, neuroscience, medical surgical, and diabetes. Medtronic holds a leading market position due to its strong brand, innovation, and global reach, serving patients in over 150 countries.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales reached $8,089 million for the three months ended January 26, 2024, compared to $7,727 million for the same period last year, reflecting a 5% increase. This growth indicates a positive trend in revenue generation.

Net income attributable to Medtronic rose to $1,322 million, up from $1,222 million in the prior year's comparable quarter, indicating improved profitability. This growth is a positive indicator of the company's financial health.

Diluted earnings per share increased to $0.99, up from $0.92 in the prior year. This reflects an improvement in profitability on a per-share basis.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights