Align Technology reports Q4 adjusted EPS $2.42, consensus $2.18

Reports Q4 revenue $956.7M, consensus $933.67M. Commenting on Align’s Q4’23 and 2023 results, Align Technology President and CEO Joe Hogan said, “I am pleased to report fourth quarter results with better-than-expected revenues and earnings, primarily reflecting a sequential increase in clear aligner volume for adults and non-comprehensive cases, growth in Canada and the EMEA region, as well as increased revenues from systems and services. Fourth quarter revenues were up year-over-year primarily reflecting an increase in clear aligner volumes for teens and Invisalign DSP touch-up cases, as well as growth in the EMEA and APAC regions. For fiscal 2023, total revenues were up year over year, and we delivered fiscal 2023 non-GAAP operating margin above 21%, as expected. As of Q4, we achieved 17 million Invisalign patients-including 4.7 million teens, as well as 4 million Vivera retainer cases, and over 100 thousand iTero(TM) scanners sold.”