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Align Technology inc   (ALGN)
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ALGN's Net Income Growth by Quarter and Year

Align Technology Inc 's Net Income results by quarter and year




ALGN Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 124.01 41.78 190.96
III Quarter September - 121.43 72.70 180.97
II Quarter June 96.56 111.81 112.80 199.71
I Quarter March 105.03 87.80 134.30 200.38
FY   201.59 445.05 361.58 772.02



ALGN Net Income second quarter 2024 Y/Y Growth Comment
Align Technology Inc reported fall in Net Income in the second quarter 2024 by -13.64% to $ 96.56 millions, from the same quarter in 2023.
The decline in the second quarter 2024 Align Technology Inc 's Net Income compares unfavorably to the Company's average Net Income jump of 45.23%.

Looking into second quarter 2024 results within Medical Equipment & Supplies industry 12 other companies have achieved higher Net Income growth. While Align Technology Inc ' s Net Income decrease of -13.64% ranks overall at the positon no. 418 in the second quarter 2024.




ALGN Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - 196.82 % -78.12 % 20.11 %
III Quarter September - 67.03 % -59.83 % 29.85 %
II Quarter June -13.64 % -0.88 % -43.52 % -
I Quarter March 19.62 % -34.62 % -32.98 % -86.8 %
FY   - 23.08 % -53.16 % -56.53 %

Financial Statements
Align Technology Inc 's second quarter 2024 Net Income $ 96.56 millions ALGN's Income Statement
Align Technology Inc 's second quarter 2023 Net Income $ 111.81 millions Quarterly ALGN's Income Statement
New: More ALGN's historic Net Income Growth >>


ALGN Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - 2.12 % -42.53 % 5.52 %
III Quarter September - 8.6 % -35.55 % -9.38 %
II Quarter June -8.06 % 27.35 % -16.01 % -0.33 %
I Quarter March -15.31 % 110.15 % -29.67 % 26.03 %
FY (Year on Year)   - 23.08 % -53.16 % -56.53 %




Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #13
Healthcare Sector #30
Overall #418

Net Income Y/Y Growth Statistics
High Average Low
402.12 % 45.23 % -75.75 %
(Mar 31 2020)   (Mar 31 2021)
Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #13
Healthcare Sector #30
Overall #418
Net Income Y/Y Growth Statistics
High Average Low
402.12 % 45.23 % -75.75 %
(Mar 31 2020)   (Mar 31 2021)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Align Technology Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
4048.85 % 142.77 % -97.74 %
(Mar 31 2014)  


ALGN's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Align Technology Inc reported drop in Net Income sequentially by -8.06% to $ 96.56 millions, from $ 105.03 millions declared in the previous reporting period.

Even seasonal factors which normally energize II. Quarter 2024 Net Income, that clearly could not be enough to recover ALGN's II. Quarter 2024 achievement, Catherine Carter, an industry advisor from Toronto wrote and mentioned that average quarter on quarter Net Income growth is at 142.77% for the Medical Equipment & Supplies's company.

Within Medical Equipment & Supplies industry 14 other companies have achieved higher Net Income quarter on quarter growth. While Align Technology Inc 's Net Income growth quarter on quarter, overall rank is 549.


Net Income Q/Q Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #15
Healthcare Sector #35
Overall #549
Net Income Q/Q Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry #15
Healthcare Sector #35
Overall #549
Net Income Q/Q Growth Statistics
High Average Low
4048.85 % 142.77 % -97.74 %
(Mar 31 2014)  


ALGN's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Align Technology Inc disclosed drop in Net Income from the previous quarter by -8.06% to $ 96.56 millions, from $ 105.03 millions achived in the previous quarter.

Albeit periodic circumstance which usually energize II. Quarter 2024 Net Income, that simply was not enough to recover Align Technology Inc 's II. Quarter 2024 outcome, Catherine Carter, an industry advisor from Toronto pointed out.

Within Medical Equipment & Supplies industry 14 other companies have achieved higher Net Income quarter on quarter growth. While Align Technology Inc 's Net Income growth quarter on quarter, overall rank is 549.


Align Technology Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2024)
12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
Cumulative Net Income 12 Months Ending $ 447.03 $ 462.28 $ 445.05 $ 362.81 $ 314.09
Y / Y Net Income Growth (TTM) 42.33 % 46.72 % 23.09 % -28.97 % -49.26 %
Year on Year Net Income Growth Overall Ranking # 660 # 736 # 1338 # 782 # 1107
Seqeuential Net Income Change (TTM) -3.3 % 3.87 % 22.67 % 15.51 % -0.31 %
Seq. Net Income Growth (TTM) Overall Ranking # 418 # 516 # 1147 # 686 # 1124




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jun 30 2024 period, Align Technology Inc 's cumulative twelve months Net Income were $ 447 millions, company would post below average annual Net Income growth of -0.31% year on year, if the fiscal year would end at Jun 30 2024.
A slow-down in the Align Technology Inc 's Net Income growth from the 105.03% growth in Mar 31 2024.

In the Healthcare sector 39 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 660, from total ranking in previous quarter at 736.

Net Income TTM Q/Q Growth Statistics
High Average Low
402.12 %
45.23 %
-75.75 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 13
Healthcare Sector # 40
Overall # 660

Net Income TTM Y/Y Growth Statistics
High Average Low
402.12 %
45.23 %
-75.75 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 30
S&P 500 # 418
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jun 30 2024 period, Align Technology Inc 's cumulative twelve months Net Income were $ 447 millions, company would post below average annual Net Income growth of -75.75% year on year, if the fiscal year would end at Jun 30 2024.
A slow-down in the Align Technology Inc 's Net Income growth from the 105.03% growth in Mar 31 2024.

In the Healthcare sector 39 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 660, from total ranking in previous quarter at 736.

Net Income TTM Q/Q Growth Statistics
High Average Low
402.12 %
45.23 %
-75.75 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 13
Healthcare Sector # 40
Overall # 660

Net Income TTM Y/Y Growth Statistics
High Average Low
402.12 %
45.23 %
-75.75 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 30
S&P 500 # 418




Other Net Income Growth
Medical Equipment & Supplies Industry Net Income Growth Trends and Statistics
Healthcare Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
ALGN's Net Income Growth Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for ALGN's Competitors
Net Income Growth for Align Technology Inc 's Suppliers
Net Income Growth for ALGN's Customers

You may also want to know
ALGN's Annual Growth Rates ALGN's Profitability Ratios ALGN's Asset Turnover Ratio ALGN's Dividend Growth
ALGN's Roe ALGN's Valuation Ratios ALGN's Financial Strength Ratios ALGN's Dividend Payout Ratio
ALGN's Roa ALGN's Inventory Turnover Ratio ALGN's Growth Rates ALGN's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Jun 30 2024 within Healthcare SectorY/Y Change %Net Income for the quarter ending Jun 30 2024
Biogen Inc -1.63%$ -1.635 millions
Embecta Corp -3.29%$ -3.289 millions
Quest Diagnostics Inc-3.61%$ -3.614 millions
Abbott Laboratories-5.31%$ -5.309 millions
Zoetis Inc -6.87%$ -6.866 millions
Idexx Laboratories Inc-9.34%$ -9.337 millions
Prestige Consumer Healthcare Inc -11.89%$ -11.893 millions
Align Technology inc -13.64%$ -13.639 millions
National Research Corporation-15.10%$ -15.097 millions
Dariohealth Corp -17.94%$ -17.938 millions
Bristol myers Squibb Company-18.92%$ -18.922 millions
Organon and Co -19.42%$ -19.421 millions
U S Physical Therapy Inc-21.21%$ -21.206 millions
Pacira Biosciences inc -26.69%$ -26.693 millions
Privia Health Group Inc -27.00%$ -26.997 millions
West Pharmaceutical Services Inc -28.24%$ -28.240 millions
Neurocrine Biosciences Inc -31.94%$ -31.937 millions
Abbvie Inc -32.26%$ -32.264 millions
Lifevantage Corp-33.62%$ -33.622 millions
Lantheus Holdings Inc -34.06%$ -34.057 millions
Viemed Healthcare Inc -36.61%$ -36.609 millions
Vaso Corporation-44.26%$ -44.257 millions
Nature s Sunshine Products inc -44.42%$ -44.415 millions
Royalty Pharma Plc-44.67%$ -44.675 millions
Globus Medical Inc -44.97%$ -44.968 millions
Amgen Inc -45.90%$ -45.903 millions
Surgery Partners Inc -50.78%$ -50.780 millions
Radnet Inc -52.29%$ -52.294 millions
Option Care Health Inc -53.63%$ -53.635 millions
Pro dex Inc -58.30%$ -58.303 millions




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