Insulet Corp
PODD
ISIN US45784P1012 / Valor 2941247
Insulet Corp
UMushroom community rating:
About company
Insulet Corp, traded under the ticker PODD on the NASDAQ, is a prominent medical device company with its headquarters in Acton, Massachusetts. The company has established a significant global presence, with offices and manufacturing facilities spread across various locations worldwide. Insulet is renowned for its innovative approach in the healthcare sector, particularly in the development and distribution of its flagship product, the Omnipod Insulin Management System. This system represents a significant advancement in diabetes care, offering a tubeless, wearable insulin pump that has transformed the way people with diabetes manage their condition. By focusing on user-friendly technology and accessibility, Insulet aims to improve the quality of life for individuals with diabetes, making it easier for them to control their health with more freedom and flexibility.
Summarized from source with an LLMView SourceSector: HealthcareLatest Results (07.08.2024):
Revenue Growth
Insulet Corp reported a significant revenue increase for the first quarter of 2024, reaching $441.7 million. This marks a 23.3% growth year-over-year, surpassing the guidance range of 17% to 20% in constant currency. The revenue boost was driven by strong performance across all product lines.
Omnipod Sales
Total Omnipod revenue for Insulet Corp in Q1 2024 was $433.0 million, reflecting a 21.1% increase. U.S. Omnipod revenue grew by 22.7% to $317.7 million, while international Omnipod revenue rose by 16.9% to $115.3 million. The growth in Omnipod sales was a key contributor to the overall revenue increase.
Net Income
Insulet Corp's net income for the first quarter of 2024 was $51.5 million, or $0.73 per diluted share. This is a substantial improvement compared to the net income of $23.8 million, or $0.34 per diluted share, reported in the same period last year. The increase in net income highlights the company's enhanced profitability.
Operating Income
Operating income for Insulet Corp in Q1 2024 was $56.9 million, representing 12.9% of revenue. This is a significant increase from the $27.7 million, or 7.7% of revenue, reported in the prior year. The improved operating income underscores the company's effective cost management and operational efficiency.
2024 Outlook
Insulet Corp has raised its revenue growth guidance for the full year 2024 to a range of 14% to 18%, up from the previous range of 12% to 17%. The company also expects its operating margin to increase to approximately 13.5%, up from the prior estimate of 13%. This optimistic outlook reflects the company's confidence in its continued growth and profitability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
16515 M
Market cap (USD)
186,630
Daily traded volume (Shares)
236.95 / 232
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
