Johnson Johnson
JNJ
$201.93 -0.27%
Exchange: NYSE | Sector: Healthcare | Industry: Drug Manufacturers General
Q3 2024
Published: Sep 28, 2024

Earnings Highlights

  • Revenue of $22.47B up 5% year-over-year
  • EPS of $1.11 decreased by 33.3% from previous year
  • Gross margin of 69.8%
  • Net income of 2.69B
  • ""Our high innovation, high growth strategy is working and our progress this quarter speaks to the strength of our commercial and innovation capabilities." - Joaquin Duato, CEO" - Joaquin Duato
JNJ
Johnson Johnson

Executive Summary

In Q3 2024, Johnson & Johnson (JNJ) reported a respectable revenue of $22.5 billion, reflecting a 6.3% operational growth. The company's performance showcases the robustness of its diverse business segments, particularly in Innovative Medicine and MedTech, amid ongoing legal challenges and industry headwinds in Asia Pacific. Management's focus on innovative product offerings and strategic acquisitions appears to position JNJ for continued growth despite anticipated challenges, such as increased competition in its immunology portfolio and market dynamics in its MedTech operations. This report details the financial metrics, management insights, and the future outlook for investors.

Key Performance Indicators

Revenue
Increasing
22.47B
QoQ: 0.00% | YoY: 5.03%
Gross Profit
Increasing
15.69B
69.81% margin
QoQ: -1.15% | YoY: 6.24%
Operating Income
Increasing
5.26B
QoQ: 0.32% | YoY: 14.56%
Net Income
Decreasing
2.69B
QoQ: 0.00% | YoY: -33.47%
EPS
Decreasing
1.11
QoQ: 0.90% | YoY: -33.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 22,520.00 1.41 +5.3% View
Q3 2024 22,471.00 1.11 +5.0% View
Q2 2024 22,447.00 1.93 +5.1% View
Q1 2024 21,383.00 2.20 -0.6% View