Revenue Growth Excluding COVID and Donor Screening
Achieved mid-single-digit revenue growth of 6% in Q1 2025, driven by strong performance in the labs business, immunohematology, and a robust flu season.
Improved Adjusted EBITDA Margin
Saw a 450 basis point year-over-year improvement in adjusted EBITDA margin, reflecting cost-saving initiatives.
Significant Increase in Adjusted Diluted EPS
Adjusted diluted earnings per share increased by 68% compared to the prior year period.
Lab Business and Geographical Growth
The labs business, comprising 54% of total revenue, grew by 7%. The 'Other' region, including Japan, Asia-Pac, and Latin America, experienced 12% growth.
Cost Savings Initiatives
On track to realize $100 million in annualized cost savings, with $50 million expected in the first half of 2025.