Q1 2025 Align Technology Inc Earnings Call Transcript
Key Points
- Align Technology Inc (ALGN) reported first-quarter revenues, operating margin, and earnings in line with their outlook, indicating a strong start to fiscal 2025.
- Clear Aligner volumes increased both sequentially and year over year, with notable strength in the Asia Pacific, EMEA regions, and growth in North America.
- The company saw a record number of doctor submitters and utilization for GP dentists, reflecting increased adoption of their products.
- Align Technology Inc (ALGN) launched new products, such as the Invisalign Palate Expander system and the iTero Lumina scanner with restorative software, which are expected to drive future growth.
- The company reported strong growth in the Teen and Growing Kids segment, with a 13.3% year-over-year increase in Invisalign Clear Aligner treatments for this demographic.
- Total revenues for the first quarter were down 1.6% from the prior quarter and down 1.8% from the corresponding quarter a year ago, impacted by unfavorable foreign exchange.
- Clear Aligner average per case shipment price decreased due to unfavorable foreign exchange and a product mix shift to lower-priced products.
- Systems and Services revenue was down 9.2% sequentially, primarily due to lower scanner systems revenues and unfavorable foreign exchange.
- Operating margin decreased by 1.1 points sequentially and 2.1 points year over year, with foreign exchange negatively impacting the margin.
- Align Technology Inc (ALGN) faces potential challenges from tariffs and macroeconomic conditions, which could impact future performance.
Good day. Thank you for standing by. Welcome to the Align Technology first-quarter 2025 earnings call.
(Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker, today, Shirley Stacy, Vice President of Corporate Communications and Investor Relations. Please go ahead.
Good afternoon. Thank you for joining us. Joining me on today's call is Joe Hogan, President and CEO; and John Morici, CFO.
We issued first-quarter 2025 financial results, today, via Business Wire, which is available on our website at investor.aligntech.com. Today's conference call is being audio webcast and will be archived on our website for approximately one month.
As a reminder, the information provided and discussed today will include forward-looking statements, including statements about Align's future events and product outlook. These forward-looking statements are only
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