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Align Technology, Inc. is a global medical device company specializing in the design, manufacture, and marketing of Invisalign® clear aligners, which are used by orthodontists and general dental practitioners to treat malocclusions, or misaligned teeth . The company also provides Vivera™ retainers for retention, iTero™ intraoral scanners and services for dentistry, and exocad™ CAD/CAM software for dental laboratories and practitioners . Align operates through two main segments: Clear Aligner and Imaging Systems and CAD/CAM Services, with the Invisalign system being the principal product line .
- Clear Aligner - Develops and markets Invisalign® clear aligners, which are used to treat teeth misalignment by orthodontists and general dental practitioners .
- Vivera™ Retainers - Offers retainers designed to maintain teeth alignment post-treatment .
- Imaging Systems and CAD/CAM Services - Provides iTero™ intraoral scanners and services for dental practices, along with exocad™ CAD/CAM software for dental laboratories and practitioners .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Emory Wright Executive | Executive Vice President, Direct Fabrication Manufacturing Platform | None | Joined ALGN in 2000, pivotal in scaling global operations and developing 3D printing capabilities. | |
Jitse Marree Executive | Vice President, Global Aligner Manufacturing Operations | None | Over seven years at ALGN, leading global aligner manufacturing operations. | |
John F. Morici Executive | Chief Financial Officer and Executive Vice President, Global Finance | None | Joined ALGN in 2016, has held various financial leadership roles, contributing significantly to the company's financial strategies. | |
Joseph M. Hogan Executive | President and Chief Executive Officer | None | Joseph M. Hogan has been the CEO since 2015, previously CEO of ABB and GE Healthcare, known for strategic and operational leadership in large public companies. | View Report → |
Julie Coletti Executive | Executive Vice President, Chief Legal and Regulatory Officer | None | Progressed from VP to EVP, focusing on legal and regulatory strategies since joining ALGN. | |
Mitra Derakhshan Executive | Executive Vice President, Chief Clinical Officer, Global Treatment Planning and Clinical Services | None | Focuses on clinical confidence and digital workflows, promoting Invisalign adoption. | |
Srini Kaza Executive | Executive Vice President of Research and Development | None | Over 25 years at ALGN, key in developing Invisalign and 3D printing technologies. | |
Stuart Hockridge Executive | Executive Vice President, Global Human Resources | None | Joined ALGN in 2013, has advanced through HR leadership roles, contributing to talent management and organizational development. | |
Anne M. Myong Board | Independent Director | None | Director since 2019, with experience in global operations and digital transformation at Walmart and Agilent. | |
C. Raymond Larkin Jr. Board | Chairman of the Board | Chairman of Shockwave Medical, Principal of Group Outcome L.L.C. | Director since 2004, Chairman since 2006, with extensive experience in medical devices and healthcare. | |
George J. Morrow Board | Independent Director | Board of Directors at Neurocrine Biosciences, Inc. | Director since 2006, with a background in commercial operations at Amgen and GlaxoSmithKline. | |
Joseph Lacob Board | Independent Director | Governor, Co-Executive Chairman, and CEO of Golden State Warriors, Board of NeuroPace, Inc. | Director since 1997, with expertise in strategic opportunities in technology and healthcare. | |
Kevin J. Dallas Board | Independent Director | CEO of EnterpriseDB Corporation | Director since 2018, with expertise in digital transformation and technology leadership. | |
Kevin T. Conroy Board | Independent Director | President, CEO, and Chairman of Exact Sciences Corporation | Appointed in 2023, known for leadership in cancer diagnostics and development of Cologuard. | |
Mojdeh Poul Board | Independent Director | Director at iRhythm Technologies, Member of CeramTec Advisory Committee, Director at Stanley Black and Decker | Appointed in 2023, with a background in healthcare leadership at 3M, Medtronic, and Boston Scientific. | |
Susan E. Siegel Board | Independent Director | Board of Directors at Illumina, Inc., Nevro Corporation, Chairman of MIT's The Engine, Trustee at KFF | Director since 2017, former Chief Innovation Officer at GE, recognized for contributions to healthcare innovation. |
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Given the continued sluggish consumer demand in the U.S., especially impacting patient throughput and treatment conversion rates, what specific strategies are you implementing to stimulate growth in your orthodontic and dental channels amid these challenges?
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With the recent restructuring actions, including the elimination of key executive roles and workforce reductions, how do you plan to maintain operational effectiveness and support your growth initiatives, particularly in scaling critical technologies like direct 3D printing?
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Considering the pressures on capital equipment sales due to high interest rates and economic conditions, how confident are you in driving adoption of the new Lumina scanner, especially with the upcoming restorative software release, and what measures are you taking to incentivize purchases in this tough market?
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International markets like China have shown growth for Align, but with geopolitical tensions and varying economic conditions globally, how sustainable is this growth, and what strategies are you employing to mitigate risks and capitalize on opportunities in these regions?
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As you invest heavily in future technologies amidst a period of economic malaise and restructuring, how are you balancing these long-term investments with the need to deliver margin accretion and meet near-term financial performance expectations?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cubicure GmbH | 2024 | Completed on January 2, 2024, this acquisition involved purchasing the remaining 91% equity interest (with Align already holding 9.04%) for a total of approximately $87 million (with $79 million paid in cash) to enhance Align’s strategic innovation roadmap and expand its 3D printing, materials, and manufacturing capabilities via patented Hot Lithography technology. |
Recent developments and announcements about ALGN.
Earnings
New Earnings (Q4 2024)
·Feb 5, 2025, 11:46 PMView full earnings summary →ALGN reported 6% volume growth in Q4—its highest in three years—driven by new tech and GP adoption. Management guides mid-single-digit growth for 2025, but a potential 25% Mexico tariff could add $4–$5M/month in unbudgeted costs. FX headwinds also remain a concern.
8-K Filings
8-K Filing
·Feb 25, 2025, 11:26 AMFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →Align Technology announced plans to repurchase $225 million of common stock under its $1.0 billion repurchase program. The buybacks, executed under a Rule 10b5-1 plan, are expected to conclude by early May 2025.