secwatch / observer
8-K filed March 6, 2024, 6:59 PM ET ticker EBS CIK 0001367644
earnings confidence high sentiment negative materiality 0.85

Emergent posts Q4 loss of $50M, FY loss of $760.5M; secures lender forbearance until April 30

Emergent BioSolutions Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Emergent BioSolutions Inc. reported the quarter and year ended December 31, 2023 results: revenue $1,049.3, net income $ (760.5), EPS $ (14.85). Guidance raised.

Period
the quarter and year ended December 31, 2023
Revenue
$1,049.3
Net income
$ (760.5)
EPS
$ (14.85)
Guidance
raised
Result
reported results
Exact text from the filing
Gross Margin % (2) 32 % 48 % * % change is greater than +/- 100% Full Year 2023 vs. Full Year 2022 ($ in millions, except per share amounts) 2023 2022 % Change Total Revenues $ 1,049.3 $ 1,117.5 (6) % Net Loss $ (760.5) $ (211.6) * Net Loss per Diluted Share $ (14.85) $ (4.22) * Adjusted Net Loss (2) $ (319.0) $ (99.7) * Adjusted Net Loss per Diluted Share (2) $
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Emergent BioSolutions Inc. amended Forbearance Agreement and Sixth Amendment to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and certain lenders valued at $270 million (effective 2024-02-29).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and certain lenders
Value
$270 million
Effective
2024-02-29
Exact text from the filing
On February 29, 2024, Emergent BioSolutions Inc. (the “Company”) entered into a Forbearance Agreement and Sixth Amendment to Amended and Restated Credit Agreement (the “Forbearance Agreement and Amendment”), among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”) and certain lenders party thereto (the “Lenders”).
View on SEC.gov

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Emergent BioSolutions Inc. filing history →

Source: SEC EDGAR
accession 0001367644-24-000026
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