Align Technology Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for the First Quarter of 2015
For the year, the company reported net revenues of $761,653,000, operating profit of $193,576,000, profit before income taxes of $190,369,000, net profit of $145,832,000 or $1.77 per diluted share, non-GAAP operating profit of $193,576,000, non-GAAP net profit of $145,832,000 or $1.77 per diluted share, compared to the net revenues of $660,206,000, operating profit of $94,212,000, profit before income taxes of $93,139,000, net profit of $64,295,000 or $0.78 per diluted share, non- GAAP operating profit of $161,225,000, non- GAAP net profit of $127,520,000 or $1.54 per diluted share, for the previous year.
The company provided earnings guidance for the first quarter of 2015. For the quarter, the company expects net revenues in a range of $187.3 million to $192.4 million. Diluted EPS in a range of $0.29 to $0.32. The company expects capital expenditure in the range of $20 million to $25 million and tax rate of 23%.