Healthcare
Medical Devices
$20.15B
18.2K
Key insights and themes extracted from this filing
Total revenues increased by 5.6% to $1,370.6 million, driven by organic growth in the Healthcare and Applied Sterilization Technologies (AST) segments. This growth reflects higher volume and pricing, indicating strong market demand for their products and services.
Gross profit percentage increased to 44.5% from 43.2% in the prior year, driven by favorable impacts from pricing, product mix, and productivity improvements. This indicates effective cost management and successful pricing strategies.
Operating expenses increased by 9.4% to $365.0 million, primarily due to higher selling, general, and administrative (SG&A) expenses and restructuring costs. This increase could potentially offset some of the gains from revenue growth and margin improvement.