Align Technology said its Q4 revenues were $956.7M, down 0.4% sequentially and up 6.1% year over year, and its full-year revenues were $3,862.3M, up 3.4% from the prior year.

1. 01

   Align Technology said its Q4 revenues were $956.7M, down 0.4% sequentially and up 6.1% year over year, and its full-year revenues were $3,862.3M, up 3.4% from the prior year.

2. 02

   The company said its net income for Q4 was $124.0M ($1.64 per diluted share), and its full-year net income was $445.1M ($5.81 per diluted share), with a full-year operating margin of 16.7%.

3. 03

   The company said full-year revenues were unfavorably impacted by foreign exchange of approximately $36.3 million compared with the prior year. It also said it incurred $14.0 million in restructuring and other charges in Q4, mainly related to post-employment benefits.

4. 04

   The company said it repurchased 1.0 million shares in October 2023 under a $250.0 million Accelerated Share Repurchase, and bought about 466 thousand shares in the open market in November–December at an average price of $100.0 million. It said the remaining amount available under the $1.0 billion program is $650.0 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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