Total Revenue Growth
Total company revenues increased 8.5% year-over-year or 8.9% on a constant currency basis for the third quarter of 2024.
Significant Nordion Segment Growth
Nordion delivered a 28% year-over-year revenue increase due to the timing of reactor harvest schedules, leading to a 31.9% increase in segment income.
Nelson Labs Performance
Nelson Labs reported a 7% increase in revenue and a 9% increase in segment income with improved margins as core lab testing volumes increased.
Strong Liquidity Position
The company reported over $700 million of available liquidity, including $307 million of unrestricted cash and $400 million of available capacity on a revolving line of credit.
First Cobalt Insertion Milestone
Nordion achieved the first insertion of cobalt into a Darlington reactor in Canada, with the first Cobalt-60 harvest expected in 2028.