Viatris reports strong Q1: revenue $3.66B, adj. EPS $0.67, free cash flow $565M

Viatris Inc

2024-Q1 EPS reported $0.09 revenue$3,663,400,000

Q1 revenue $3.66B, GAAP net earnings $113.9M; adjusted EBITDA $1.19B; GAAP EPS $0.09, adjusted EPS $0.67.
Fourth consecutive quarter of operational revenue growth on a divestiture-adjusted basis; total sales declined 2% GAAP but grew 2% adjusted.
Closed Idorsia collaboration and Women's Healthcare divestiture; expects API divestiture imminent.
Returned $393M to shareholders in Q1 via dividends and share repurchases; declared quarterly dividend of $0.12 per share.
Reaffirmed 2024 guidance: new product revenue $450-550M; free cash flow target reaffirmed.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Viatris Inc reported the first quarter of 2024 results: revenue $3.66 Billion, net income $113.9 Million, EPS $0.09. Guidance reaffirmed.

Period: the first quarter of 2024
Revenue: $3.66 Billion
Net income: $113.9 Million
EPS: $0.09
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Viatris Reports Strong First Quarter 2024 Financial Results and Reaffirms 2024 Financial Guidance Ranges • Reports Total Revenues of $3.66 Billion; U.S. GAAP Net Earnings of $113.9 Million; Adjusted EBITDA of $1.19 Billion; U.S. GAAP EPS of $0.09; Adjusted EPS of $0.67

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Source: SEC EDGAR

accession 0001792044-24-000014

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