earnings
confidence high
sentiment neutral
materiality 0.65
West Pharma Q1 sales $695.4M (-3%) adj EPS $1.56 (-21%), raises full-year adj EPS guidance
WEST PHARMACEUTICAL SERVICES INC
2024-Q1 EPS reported
$1.55
revenue$695,400,000
- Reported-diluted EPS $1.55, down 16.2% YoY; adjusted-diluted EPS $1.56, down 21.2%.
- Net sales $695.4M, down 3.0% organically; Proprietary Products sales down 4.0%.
- Full-year 2024 net sales guidance reaffirmed at $3.000-3.025B; adjusted EPS guidance raised to $7.63-7.88 from $7.50-7.75.
- Board declares Q3 dividend $0.20/share, payable Aug 7, 2024 to holders of record Jul 31.
- Repurchased 729,679 shares for $267M at avg $365.87 in Q1.