$MEDP (-0,47 %) Reports Q3 2024
Sales: 533M vs 541M expected (Miss)
EBIT: 112M vs 101M expected (Beat)
Income: 96M vs 90M expected (Beat)
- New Business Awards 533M (Miss) leads to Book-To-Bill of 1.00 down from 1.2-1.3 Range YoY
Outlook for FY24:
Rev: 2.11B vs 2.14B expected (Miss)
EBITDA: 460M vs 450M expected (Beat)
Income: 381M vs 371M expected (Beat)
Expectations were apparently very high. The company is more profitable than expected with less growth. Book-To-Bill is approaching 1. A value below 1 signals a shrinking business, but the backlog is almost 3B, which makes MEDP booked out for a year. So there is still enough time to generate new growth