The company said total revenues for Q2 2024 increased 20% year over year to $8.4 billion. Product sales grew 20%, the company said, citing volume growth of 26% partially offset by a 3% decline in net selling price.

1. 01

   The company said total revenues for Q2 2024 increased 20% year over year to $8.4 billion. Product sales grew 20%, the company said, citing volume growth of 26% partially offset by a 3% decline in net selling price.

2. 02

   The company said GAAP earnings per share in Q2 fell 46% to $1.38 from $2.57, and non-GAAP EPS fell 1% to $4.97 from $5.00. It cited amortization and other incremental expenses related to the Horizon acquisition as contributing factors.

3. 03

   The company said free cash flow for Q2 2024 was $2.2 billion, down from $3.8 billion in Q2 2023. It cited the timing of federal tax payments, which were made in 2023 and 2024 in Q4 and Q2, respectively. The company also said it reduced debt outstanding by $1.4 billion during Q2.

4. 04

   The company said it expects full-year 2024 total revenues of $32.8 billion to $33.8 billion. It also expects non-GAAP EPS of $19.10 to $20.10 and capital expenditures of approximately $1.3 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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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