QuidelOrtho Corp
For the period ended Jun 28, 2026. Filed Aug 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2026 · Filed Aug 7, 2026
QDEL$12.09+13.0%Stored close · as of Nov 9, 2026
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Summary of Abbreviated Terms
QuidelOrtho Corporation and its consolidated subsidiaries may be referred to as QuidelOrtho, the Company, we, our or us in this Quarterly Report, unless the context otherwise indicates. Throughout this Quarterly Report, we have used terms which are defined below:
| AOCI | Accumulated other comprehensive income (loss) |
|---|---|
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Board | Board of Directors |
| CEO | Chief Executive Officer |
| CFO | Chief Financial Officer |
| CODM | Chief Operating Decision Maker |
| Combinations | Business combination consummated by Quidel Corporation and Ortho on May 27, 2022, pursuant to a Business Combination Agreement entered into as of December 22, 2021, by and among Quidel Corporation, Ortho, QuidelOrtho (formerly Coronado Topco, Inc.), Orca Holdco, Inc., Laguna Merger Sub, Inc., and Orca Holdco 2, Inc. |
| Credit Agreement | Credit agreement, dated August 21, 2025, by and among the Company, as borrower, Bank of America, N.A., as administrative agent and swing line lender, and the other lenders and L/C issuers party thereto |
| EBITDA | Earnings before interest, taxes, depreciation and amortization |
| EMEA | Europe, the Middle East and Africa |
| EPS | Loss per share |
| EU | European Union |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| GAAP | Generally accepted accounting principles in the U.S. |
| Grifols | Grifols Diagnostic Solutions, Inc. |
| IT | Information technology |
| IVD | In vitro diagnostics |
| Joint Business | Collaboration arrangement between Ortho and Grifols |
| JPAC | Japan and Asia Pacific |
| LEX Diagnostics | LEX Diagnostics Limited |
| OBBBA | One Big Beautiful Bill Act |
| OCI | Other comprehensive (loss) income |
| Optimization Plan | Multi-year, enterprise-wide cost-reduction, strategic productivity and margin improvement initiatives that the Company launched in the second quarter of 2025 |
| Ortho | Ortho Clinical Diagnostics Holdings plc |
| Quarterly Report | Quarterly Report on Form 10-Q for the quarter ended June 28, 2026 |
| R&D | Research and development |
| Revolving Credit Facility | $700.0 million revolving credit facility under the Credit Agreement |
| RSU | Restricted stock unit; includes time-based RSUs, performance-based RSUs and restricted stock awards |
| RSV | Respiratory syncytial virus |
| SAVANNA Exit | Discontinuation of the development of the SAVANNA platform |
| SEC | Securities and Exchange Commission |
| Securities Act | Securities Act of 1933, as amended |
| SOFR | Secured overnight financing rate |
| Term Loans | Collectively under the Credit Agreement: (i) a $1.15 billion senior secured term loan A facility (the “Term Loan A”), (ii) a $100.0 million senior secured delayed draw term loan A facility (the “DDTL Term Loan A”; together with the Term Loan A, the “Term Loan A Facilities”), and (iii) a $1.45 billion senior secured term loan B facility (the “Term Loan B”) |
| U.K. | United Kingdom |
| U.S. | United States |
| USD | United States dollar |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.