Repligen Q2 revenue down 23%; slashes FY2023 revenue guidance to $635-$665M

REPLIGEN CORP

2023-Q2 EPS reported $0.86 revenue$341,829,000

Q2 total revenue $159.2M (-23.3% YoY); base business revenue down 8.7%.
GAAP diluted EPS $0.35 vs $0.88 in Q2 2022; adjusted EPS $0.53 vs $0.91.
Full-year revenue guidance cut to $635-$665M from $720-$760M, a 27% reduction at midpoint.
Base business now expected to decline 5-10% in FY2023 vs prior guidance of +4-8%.
CEO cites inventory overhang and longer purchase approvals; Filtration segment most impacted.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REPLIGEN CORP reported fiscal year 2023 results: revenue $635-$665 million. Guidance lowered.

Period: fiscal year 2023
Revenue: $635-$665 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Total reported revenue is expected to be in the range of $635-$665 million, compared to our previous guidance of $720-$760 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REPLIGEN CORP reported second quarter ended June 30, 2023 results: revenue $159.2 million, net income $20.1 million, EPS $0.35. Guidance lowered.

Period: second quarter ended June 30, 2023
Revenue: $159.2 million
Net income: $20.1 million
EPS: $0.35
Guidance: lowered
Result: reported results

Exact text from the filing

Suite 100 Waltham, Massachusetts 02453 Repligen Reports Second Quarter 2023 Financial Results and Updates Full Year 2023 Financial Guidance • Reports second quarter revenues of $159.2 million as reported, and base business revenues of $157.1 million, down 9% year-over-year • Adjusts full year revenue guidance to range of $635-$665 million WALTHAM, Mass., August 02,

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Source: SEC EDGAR

accession 0001193125-23-201167

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