Embecta (US:EMBC)2025-05-09 11:34Financial Performance - Q2 Fiscal Year 2025 - Revenue for Q2 Fiscal Year 2025 was $259 million, a decrease of 9.8% compared to $287.2 million in Q2 Fiscal Year 2024 [21, 23] - Adjusted constant currency revenue decreased by 7.7% compared to the prior year period [21, 23] - GAAP gross profit was $164.1 million with a margin of 63.4%, compared to $185.4 million and 64.6% in the prior year period [23] - Adjusted EBITDA was $97.1 million, representing 37.5% of revenue, compared to $90.8 million and 31.6% in the prior year period [23] - The company paid down approximately $27.4 million of outstanding principal under its term loan B facility during the second quarter [14] Financial Performance - Six Months Ended March 31, 2025 - Total revenue was $520.9 million, a decrease of 7.7% compared to $564.5 million for the six months ended March 31, 2024 [32] - Adjusted constant currency revenue decreased by 6.3% [32] Fiscal Year 2025 Guidance - Reported revenue is projected to be between $1.073 billion and $1.090 billion, representing a decrease of 4.4% to 2.9% [24] - Adjusted constant currency revenue growth is expected to be between -4.0% and -2.5% [24] - The company expects pre-tax cost savings of between $7 million and $8 million during the second half of fiscal year 2025 [13]