Align Technology Inc.
Align Technology Reports Q4 and FY2024 Financial Results
Summary
Align Technology reported Q4 total revenues of $995.2 million, a 4.0% increase year-over-year, and FY2024 total revenues of $4.0 billion, up 3.5% year-over-year. Q4 net income was $103.8 million, or $1.39 per diluted share, and FY2024 net income was $421.4 million, or $5.62 per diluted share. The company repurchased $352.9 million of common stock in 2024 and ended the year with $1,043.9 million in cash and cash equivalents and no debt. The Q4 results were favorably impacted by foreign exchange, while operating margin was unfavorably impacted by foreign exchange and restructuring charges.
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About Align Technology Inc.
Align Technology Inc. is a global medical device company known for its innovative approach to designing and manufacturing products for the orthodontics market. The company's primary offerings include clear aligners, represented by the well-known Invisalign brand, which provide an alternative to traditional metal braces. Align Technology also offers iTero intraoral scanners, promoting advancements in digital dentistry by enabling precise 3D scans of patients' mouths. Serving the dental and orthodontic fields, the company impacts these industries by integrating technology with patient care. Align Technology's products are utilized in dental practices worldwide, focusing on enhancing the comfort and convenience of orthodontic treatments. Headquartered in San Jose, California, the company's contributions are significant in the realm of orthodontics, driving a shift toward digitally-supported, patient-friendly solutions.
Official SEC Documents
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