SAN DIEGO, October 26, 2023 – ResMed Inc. (NYSE: RMD, ASX: RMD) announced results for its
quarter ended September 30, 2023.
First Quarter 2024 Highlights
All comparisons are to the prior year period
• Revenue increased by 16% to $1.1 billion; up 15% on a constant currency basis
• Gross margin contracted 250 bps to 54.4%; non-GAAP gross margin contracted 160 bps to 56.0%
• Income from operations increased 5%; non-GAAP operating profit up 10%
• Operating cash flow of $286.3 million
• Diluted earnings per share of $1.49; non-GAAP diluted earnings per share of $1.64
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