earnings
confidence high
sentiment positive
materiality 0.75
Viatris Q3 2024: Revenue $3.8B, GAAP EPS $0.08, Adjusted EPS $0.75, Repaid $1.9B Debt
Viatris Inc
2024-Q3 EPS reported
-$0.10
revenue$11,211,200,000
- Total revenues $3.8B, operational revenue growth ~3% on divestiture-adjusted basis; new product revenues $133M.
- GAAP net earnings $95M ($0.08 diluted EPS); adjusted EBITDA ~$1.3B (+4% divestiture-adjusted); adjusted EPS $0.75 (+6%).
- Repaid ~$1.9B debt including make-whole call; expects to reach ~3.0x gross leverage target by year-end.
- Entered exclusive licensing agreement with Lexicon for sotagliflozin outside U.S. and Europe.
- Reaffirms 2024 full-year outlook: ~2% revenue growth on divestiture-adjusted operational basis.