Welcome to our dedicated page for Alcon news (Ticker: ALC), a resource for investors and traders seeking the latest updates and insights on Alcon stock.
Alcon Inc. (ALC) is a global leader in innovative eye care solutions, specializing in visioncare products and ophthalmic surgical equipment. This page aggregates official company announcements, financial disclosures, and strategic developments for stakeholders tracking its market position.
Access real-time updates on product innovations, regulatory milestones, and financial performance. Investors and industry professionals will find curated press releases covering earnings reports, partnership announcements, and clinical trial outcomes.
Key content includes updates on contact lens technologies, intraocular lens advancements, and surgical system innovations. All materials are sourced directly from Alcon's communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to Alcon's latest developments. Combine this resource with SEC filings and market analysis tools for comprehensive investment research.
Horizon Sports & Experiences (HS&E) has announced Shark Beauty™ as the title sponsor for the inaugural Shark Beauty™ Women's Champions Classic, a primetime women's college basketball showcase. The event, scheduled for December 7 at Barclays Center in Brooklyn, will feature the University of Connecticut, University of Iowa, University of Louisville, and University of Tennessee in a doubleheader broadcast on FOX.
This collaboration between HS&E and FOX Sports marks a significant step in elevating women's college basketball. Shark Beauty™ will receive broadcast and digital integrations, sponsorship elements, hospitality, fan engagement activation, and in-arena signage as part of its multiyear partnership. The event aims to provide a national spotlight for women's basketball and introduce Shark Beauty to a wide audience of passionate fans.
Alcon (ALC) reported strong Q2 2024 results with record sales of $2.5 billion, up 3% (6% constant currency). Key highlights include:
- Diluted EPS of $0.45, up 32% (47% cc)
- Core diluted EPS of $0.74, up 7% (15% cc)
- H1 2024 cash from operations of $871 million
- Free cash flow of $667 million, up 253%
Growth was driven by robust demand for innovative products, balanced geographic footprint, and strong execution. Surgical sales increased 3% (6% cc) to $1.4 billion, with strength in international markets. Vision Care sales grew 4% (6% cc) to $1.1 billion, led by contact lenses. The company maintained its 2024 outlook, projecting 7-9% constant currency sales growth and core diluted EPS of $3.00-$3.10.
Alcon announced that its Unity Vitreoretinal Cataract System (VCS) and Unity Cataract System (CS) have received U.S. FDA 510(k) clearance. These systems are the first innovations from Alcon's Unity portfolio, aimed at transforming surgical procedures in ophthalmology. Alcon plans to gather real-world user feedback in the U.S. before a broad commercialization in 2025. The Unity systems are set to replace Alcon's current leading systems and introduce significant workflow efficiencies. Regulatory submissions will continue globally, with a CE Mark expected in early 2025.
Alcon reported strong first-quarter 2024 financial results, with sales reaching $2.4 billion, a 5% increase (7% constant currency). Diluted EPS rose 43% to $0.50, while core diluted EPS improved by 11% to $0.78. The company saw significant growth in its Surgical and Vision Care segments, particularly in innovative contact lenses, which achieved record sales. Operating income rose to $368 million, with a 15.1% operating margin. Cash from operations jumped to $341 million, with free cash flow at $229 million, a $248 million year-over-year increase. A dividend of CHF 0.24 per share was approved. The company's 2024 outlook remains optimistic, maintaining sales and core EPS guidance.
Alcon Inc. announced the successful approval of all proposed resolutions at its 2024 Annual General Meeting. This includes the approval of a dividend of CHF 0.24 per share, re-election of F. Michael Ball as Chair of the Board of Directors, approval of the Board and Executive Committee compensation, and acceptance of financial reports. Shareholders also re-elected other members of the Board and committees, granted discharge to Board and Executive Committee members, and re-elected auditors.
FAQ
What is the current stock price of Alcon (ALC)?
What is the market cap of Alcon (ALC)?
