Medtronic | 10-K: FY2024 Annual Report
Medtronic | 10-K: FY2024 Annual Report
美敦力 | 10-K:2024财年年报
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Medtronic plc reported fiscal year 2024 results with revenue increasing 4% to $32.4 billion, driven by growth across most businesses including Surgical, Cranial & Spinal Technologies, Diabetes, and Cardiac Pacing. Net income was $3.7 billion with diluted earnings per share of $2.76, compared to $3.8 billion and $2.82 in the prior year.The Cardiovascular Portfolio grew 3% to $11.8 billion, with strong performance in Micra, TAVR, and Perfusion. Neuroscience Portfolio increased 5% to $9.4 billion, while Medical Surgical Portfolio rose 5% to $8.4 billion. The Diabetes Operating Unit showed significant improvement with 10% growth to $2.5 billion, driven by international expansion of the MiniMed 780G insulin pump system.Looking ahead, the company faces potential headwinds from competitive pressures, geographic macro-economic risks, and supply chain challenges. Medtronic maintains a strong financial position with $1.3 billion in cash and $6.7 billion in current investments. The company returned $5.7 billion to shareholders through dividends of $3.7 billion and share repurchases of $2.1 billion during fiscal year 2024.