Hologic's CFO delivered a strategic overview at the William Blair Growth Stock Conference, highlighting the company's foundation in women's healthcare with market-leading products such as ThinPrep, Panther, 3D mammography, and MyoSure. Over 80% of the company's revenue is recurring in nature.
The Diagnostics division, the largest franchise, has seen molecular diagnostics grow 2.5 times over the last decade, with Panther placements exceeding 3,300 globally and over 23 approved assays. The Biotheranostics acquisition, now approaching $125 million in revenue, is only 12% penetrated, indicating substantial growth potential.
In Breast Health, the 3D Genius mammography system holds over 80% U.S. market share, with the next-generation Envision gantry expected in 2026. The Surgical division, bolstered by the Gynesonics acquisition, focuses on minimally invasive fibroid treatments. Hologic maintains strong operating margins of 30% and generates over $1 billion in annual free cash flow, with a fortress balance sheet and leverage ratio under 1x.
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