Episode Details

QuidelOrthos Q1 performance was disappointing, with revenue missing estimates by 7% and earnings per share coming in at -$0.04 against expectations of $0.36. EBITDA also fell short of forecasts. The company attributed the poor results to a milder flu season and delays in China and the Middle East. Full-year revenue guidance was lowered to $2.73 billion from $2.8 billion, and adjusted EPS midpoint was reduced by 14%. Operating margins flipped negative at -5.1% from positive 4.7% last year. Analysts questioned the companys performance, particularly in China, where disruptions cost about $30 million. The company outlined plans for a margin rebound in the second half through stabilizing China orders, core business gains, and new products. Cost cuts and factory consolidations are also in the works.

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