Hologic Sees Strong Fiscal First Quarter and Our Fair Value Estimate Is Unchanged
Narrow-moat Hologic kicked off its fiscal year with strong first-quarter results that had management adjusting its outlook for the full year upward. However, we’re holding steady on our fair value estimate, as we’ve seen little to materially shift our expectations of Hologic’s product lines, which leaves our estimates within in the range of management’s revised outlook. Hologic’s breast imaging unit posted roughly 11% quarterly growth, adjusted for the addition of Faxitron. This was somewhat bet...Hologic is a developer, manufacturer and supplier of diagnostics products, medical imaging systems, surgical products and light-based aesthetic and medical treatment systems. The company's segments are: Diagnostics, which provides diagnostic products which are used to aid in the diagnosis of human diseases; Breast Health, which provides solutions for breast cancer care for radiology, pathology and surgery; Medical Aesthetics, which provides aesthetic treatment systems, including SculpSure, PicoSure and MonaLisa Touch; GYN Surgical, which includes NovaSure Endometrial Ablation System to treat abnormal uterine bleeding; and Skeletal Health, which includes the Horizon DXA, a dual energy x-ray system.
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