Qiagen (QGEN) Tops Q4 EPS by 23c
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QIAGEN beats outlook for fourth quarter and full-year 2021, delivers 22% CER full-year sales growth from non-COVID products
February 8, 2022 4:05 PM ESTQ4 2021: Net sales grow 2% (+4% constant exchange rates, or CER) to $582 million and adjusted diluted EPS rises 9% to $0.74 ($0.75 CER) - both above outlook Full-year 2021: Net sales grow 20% (+19% CER) to $2.25 billion and adjusted diluted EPS rises 23% to $2.65 ($2.63 CER) - both above outlook 22% CER growth in non-COVID product sales, ahead of target for 20% CER Operating cash flow grows 40% to $639 million, free cash flow rises 38% to $449 million QIAGEN initiates 2022 outlook for at least $2.07 billion net sales CER, including double-digit CER growth in non-COVID products vs.... More
