QuidelOrtho (QDEL) Restructuring Costs (2021 - 2024)
QuidelOrtho recorded quarterly Restructuring Costs of $22.6 million in Q1 2024, up 494.74% quarter-over-quarter from $3.8 million in Q4 2023, and down 23.91% year-over-year from $29.7 million in Q2 2023.
QuidelOrtho's Restructuring Costs history runs 4 years deep, the most recent figure standing at $22.6 million for Q1 2024.
- In Q1 2024, Restructuring Costs fell 23.91% year-over-year to $22.6 million; the TTM figure through Mar 2024 stood at $77.1 million (down 71.5% YoY), while the FY2024 annual figure was $127.2 million, up 12.17% from the prior year.
- Restructuring Costs came in at $22.6 million for Q1 2024 at QuidelOrtho, up from $3.8 million in the prior quarter.
- In the past five years, Restructuring Costs ranged from a high of $134.2 million in Q1 2023 to a low of $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.
- Across the five-year window, Restructuring Costs surged 7190.91% in 2022 and slumped 97.17% in 2023, its largest moves.
- QuidelOrtho's Restructuring Costs stood at $1.1 million in 2021, then surged by 2300.0% to $26.4 million in 2022, then tumbled by 85.61% to $3.8 million in 2023, then jumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn |
| 10 | QuidelOrtho | 898.19 Mn | 757.79 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 |