Strong Financial Performance
Hologic delivered revenue and non-GAAP earnings per share that exceeded guidance, with total revenue for the third quarter at $1.024 billion, marking a slight growth of 0.4% and exceeding the high end of guidance by $14 million.
Breast Health Business Improvement
The Breast Health business showed signs of recovery with increased 3D gantry shipments and a positive performance in interventional sales, which grew 6% organically.
Successful Product Launches
The company launched Genius AI Detection PRO, an AI solution for mammogram analysis, and made significant progress with Endomagnetics, which contributed nearly $20 million in revenue.
Diagnostics Growth
Molecular Diagnostics showed global growth of 2.4% or 5.2% excluding COVID-related sales, driven by strong sales of BV, CV/TV assay.
Tariff Mitigation Success
Hologic managed to reduce expected quarterly tariff expenses from $20-25 million to $10-12 million through changes in global supply chain and procurement efforts.