earnings
confidence high
sentiment negative
materiality 0.75
West Pharma Q3 EPS $1.85 (down from $2.14); raises FY2024 guidance, boosts dividend 5%
WEST PHARMACEUTICAL SERVICES INC
2024-Q3 EPS reported
$4.91
revenue$2,144,400,000
- Q3 net sales $746.9M flat YoY; reported EPS $1.85 vs $2.14; adjusted EPS $1.85 vs $2.16.
- FY2024 guidance raised: net sales $2.875B-$2.905B, adjusted EPS $6.55-$6.75 (prior $6.35-$6.65).
- Dividend increased 5% to $0.21/share, payable Nov 20, 2024, record Nov 13, 2024.
- Proprietary Products net sales $601.4M (-0.2%); Contract-Manufactured $145.5M (+0.4%).
- Nine-month free cash flow $191.2M (-32.7%); share repurchases $506.5M in 9M 2024.