UPDATE: Medtronic (MDT) Misses Q4 EPS by 48c, Raises Dividend

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Medtronic Reports Fourth Quarter and Fiscal Year 2020 Financial Results; Announces Dividend Increase

May 21, 2020 6:46 AM EDT

Q4 Revenue of $6.0 Billion Decreased 26% Reported and 25% OrganicQ4 GAAP Diluted EPS of $0.48; Q4 Non-GAAP Diluted EPS of $0.58Financial Results In-Line with Update Provided on April 21 and Consistent with Impact Felt Across MedTech IndustryFY20 Cash Flow from Operations of $7.2 Billion; FY20 Free Cash Flow of $6.0 Billion; Conversion of 97%Quarterly Dividend Increased to $0.58, Annual $2.32 from Prior $2.16; 43rd Consecutive Year of Dividend Increases

DUBLIN, May 21, 2020 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE: MDT) today announced financial results for its... More