earnings
confidence high
sentiment positive
materiality 0.75
West Pharma Q1 net sales $720M (+7.4%), adj. EPS $2.30; raises FY2022 adj. EPS guidance
WEST PHARMACEUTICAL SERVICES INC
2022-Q1 EPS reported
$2.29
revenue$720,000,000
- Net sales $720.0M (+7.4% YoY); organic sales growth 11.0%.
- Reported diluted EPS $2.29 (+15.1%), adjusted diluted EPS $2.30 (+12.2%).
- Raises FY2022 adjusted EPS guidance to $9.30-$9.45 from $9.20-$9.35; reaffirms net sales $3.05B-$3.075B.
- Q3 dividend $0.18/share, payable Aug 3, record Jul 20; repurchased 390k shares for $147.1M.
- Proprietary Products segment sales $601.3M (+10.6%); HVP organic growth double-digit.