Q2 revenues up 37.5% year-over-year to a record $490.3 million, and diluted EPS of $1.30
Q2 operating income up 46.8% year-over-year to $122.7 million, operating margin of 25.0%
Q2 total Invisalign case shipments up 30.5% year-over-year to 302.7 thousand
Q2 Invisalign cases for teenage patients up 42.1% year-over-year to 78.4 thousand
Q2 iTero scanner and services revenues up 60.9% year-over-year to $57.0 million
Commenting on Align’s Q2 2018 results, Align Technology President and CEO Joe Hogan said, “I’m pleased to report another better than expected quarter for Align. Our second quarter results reflect strong growth across our customer channels with record volume in all regions and in almost every country market. Year-over-year revenue growth of 37.5% was driven by continued momentum from Invisalign doctors and increased adoption of Invisalign treatment for teenage patients which grew 42.1%. Q2 Invisalign volume growth of 30.5% year-over-year reflects increased utilization and expansion of our customer base, which was over 50,000 for the first time and included more than 5,000 new Invisalign-trained doctors. We also saw momentum from the iTero scanner and services business which includes the continued rollout of iTero scanners across Heartland Dental’s installed base, as well as the first iTero scanner shipments to China.”
Align Technology Announces Second Quarter 2018 Financial Results Nasdaq:ALGN
