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Wednesday, February 1, 2023

Align Tech beats views

 Q4 total revenues of $901.5 million and 2022 total revenues of $3.7 billion

Board of Directors has authorized a new $1 billion stock repurchase program, to succeed the current $1 billion program that is expected to be completed in Q2 2023

  • 2022 total revenues of $3.7 billion, Clear Aligner revenues of $3.1 billion and Systems and Services revenues of $662.1 million

  • 2022 revenues were unfavorably impacted by foreign exchange of approximately $193.8 million(1) compared to 2021

  • 2022 operating margin of 17.2%, non-GAAP operating margin of 21.5%, and diluted net income per share of $4.61, non-GAAP diluted net income per share of $7.76(3)

  • 2022 operating margin was unfavorably impacted by foreign exchange of approximately 2.8 points compared to 2021(1)

  • Repurchased $475 million of common stock in 2022(2) with plans to repurchase $250 million more starting in Q1 2023 and expect to entirely complete our 2021 $1 Billion Stock Repurchase Program in Q2 2023

  • Q4 total revenues of $901.5 million, and diluted net income per share of $0.54, non-GAAP diluted net income per share of $1.73(3)

  • Q4 revenues were unfavorably impacted by foreign exchange of approximately $16.0 million sequentially and approximately $67.6 million year over year(1)

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