Tempe, Ariz.-based Align Technology reported total revenue of $977.9 million for the third quarter of 2024, according to an Oct. 23 news release.
Here are eight things to know:
1. The company's third-quarter revenue for 2024 increased 1.8% compared to the same period in 2023.
2. Revenue from clear aligners in the third quarter was $786.8 million.
3. Imaging systems and CAD/CAM services contributed $191 million to the company's third-quarter revenue.
4. Align Technology reported a net income of $175.6 million during the quarter.
5. The company shipped 617,220 clear aligners in the third quarter.
6. Net revenue decreased 4.9% compared to the second quarter of 2024.
7. Align Technology expects worldwide revenue to be in the range of $995 million to $1.02 billion for the fourth quarter of 2024.
8. The company plans to repurchase up to $275 million of its common stock beginning in the fourth quarter of 2024.