QuidelOrtho (QDEL) Restructuring Costs (2021 - 2024)
QuidelOrtho (QDEL) posted Restructuring Costs of $22.6 million for Q1 2024, up 494.74% sequentially from $3.8 million in Q4 2023, and down 23.91% YoY from $29.7 million in Q2 2023.
QuidelOrtho (QDEL) Restructuring Costs (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Restructuring Costs for 4 years, with the latest figure at $22.6 million in Q1 2024.
- Quarterly Restructuring Costs fell 23.91% year-over-year to $22.6 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $77.1 million (down 71.5% YoY) and the FY2024 annual result came in at $127.2 million, up 12.17% from the prior year.
- Restructuring Costs advanced to $22.6 million in Q1 2024 per QDEL's latest filing, from $3.8 million in the prior quarter.
- Over five years, Restructuring Costs peaked at $134.2 million in Q1 2023 and troughed at $1.1 million in Q3 2021.
- A 4-year average of $35.2 million and a median of $25.3 million in 2022 frame the typical range for Restructuring Costs.
- The sharpest annual moves came in 2022 and 2023: Restructuring Costs soared 7190.91% in 2022, then tumbled 97.17% in 2023.
- Over 4 years, Restructuring Costs stood at $1.1 million in 2021, then soared by 2300.0% to $26.4 million in 2022, then plunged by 85.61% to $3.8 million in 2023, then surged by 494.74% to $22.6 million in 2024.
- According to Business Quant data, Restructuring Costs over the past three periods registered $22.6 million, $3.8 million, and $26.5 million for Q1 2024, Q4 2023, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.08 Bn | 194.48 Bn | 7.27 Bn |
| 2 | Stryker | 129.71 Bn | 126.23 Bn | 4.50 Bn |
| 3 | Medtronic | 120.07 Bn | 110.85 Bn | 6.41 Bn |
| 4 | Boston Scientific | 74.08 Bn | 73.54 Bn | 3.85 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn |
| 6 | Dexcom | 34.51 Bn | 32.56 Bn | 830.00 Mn |
| 7 | GE HealthCare Technologies | 34.03 Bn | 31.92 Bn | 2.18 Bn |
| 8 | Koninklijke Philips | 26.51 Bn | 23.19 Bn | 4.55 Bn |
| 9 | Steris | 23.20 Bn | 22.72 Bn | 684.20 Mn |
| 10 | QuidelOrtho | 997.18 Mn | 873.78 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 22.60 Mn |
| Dec 31, 2023 | 3.80 Mn |
| Oct 1, 2023 | 26.50 Mn |
| Jul 2, 2023 | 24.20 Mn |
| Apr 2, 2023 | 29.70 Mn |
| Jan 1, 2023 | 134.20 Mn |
| Oct 2, 2022 | 26.40 Mn |
| Jul 3, 2022 | 80.20 Mn |
| Apr 3, 2022 | 3.00 Mn |
| Jul 4, 2021 | 1.10 Mn |