Alcon Sees FY24 EPS $3.00-$3.10 Vs $3.07 Est.; Revenue $9.9B-$10.1B Vs $9.96B Est.

Author: Benzinga Newsdesk | August 20, 2024 04:36pm

2024 outlook

The Company updated its 2024 outlook as per the table below.

2024 outlook4	as of February	as of May	as of August	Comments
Net sales (USD)	$9.9 to $10.1 billion	$9.9 to $10.1 billion	$9.9 to $10.1 billion	Maintain
Change vs. prior year (cc)1 (non-IFRS measure)	+6% to +8%	+7% to +9%	+7% to +9%	Maintain
Core operating margin2 (non-IFRS measure)	20.5% to 21.5%	20.5% to 21.5%	20.5% to 21.5%	Maintain
Interest expense and Other financial income & expense	$190 to $210 million	$180 to $200 million	$160 to $180 million	Decrease
Core effective tax rate5 (non-IFRS measure)	~20%	~20%	~20%	Maintain
Core diluted EPS2 (non-IFRS measure)	$3.00 to $3.10	$3.00 to $3.10	$3.00 to $3.10	Maintain
Change vs. prior year (cc)1 (non-IFRS measure)	+13% to +16%	+15% to +18%	+15% to +18%	Maintain

This outlook assumes the following:

• Aggregated markets grow in line with historical averages (mid-single digits);
• Exchange rates as of the end of July 2024 prevail through year-end;
• Approximately 498 million weighted-averaged diluted shares.

4.		The forward-looking guidance included in this press release cannot be reconciled to the comparable IFRS measures without unreasonable effort, because we are not able to predict with reasonable certainty the ultimate amount or nature of exceptional items in the fiscal year. Refer to the 'Footnotes' section for additional information.
5.		Core effective tax rate, a non-IFRS measure, is the applicable annual tax rate on core taxable income. Refer to the 'Footnotes' section for additional information.

Posted In: ALC