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Jun 30, 2022
Lantheus Q2 2022 Earnings Report
Reported financial results for the second quarter ended June 30, 2022.
Key Takeaways
Lantheus reported a worldwide revenue of $223.7 million for Q2 2022, a 121.4% increase from the prior year period. GAAP net income was $43.1 million, or $0.61 per fully diluted share, compared to a net loss of $26.7 million, or $0.39 per fully diluted share, in the prior year period. Adjusted fully diluted earnings per share were $0.89, compared to $0.11 for the same period last year. Free cash flow was $68.3 million, representing an increase of approximately $45.0 million from the prior year period.
Worldwide revenue of $223.7 million for the second quarter 2022, representing an increase of 121.4% from the prior year period
GAAP net income of $43.1 million for the second quarter 2022, compared to GAAP net loss of $26.7 million in the prior year period
GAAP fully diluted net income per share of $0.61 for the second quarter 2022, compared to GAAP fully diluted net loss per share of $0.39 in the prior year period; adjusted fully diluted net income per share of $0.89 for the second quarter 2022, compared to adjusted fully diluted net income per share of $0.11 in the prior year period
Net cash provided by operating activities was $72.6 million for the second quarter 2022. Free cash flow was $68.3 million in the second quarter 2022
Forward Guidance
The Company provides third quarter 2022 revenue and adjusted diluted earnings per share guidance; increases full year guidance
Positive Outlook
- Q3 FY 2022 Revenue: $220 million - $230 million
- Q3 FY 2022 Adjusted Fully Diluted EPS: $0.80 - $0.85
- FY 2022 Revenue: $885 million - $905 million (Previous: $800 million - $835 million)
- FY 2022 Adjusted Fully Diluted EPS: $3.50 - $3.60 (Previous: $2.90 - $3.15)
- The Company expects continued growth and profitability.
Challenges Ahead
- The Company does not provide GAAP income per common share guidance.
- The Company is unable to predict with reasonable certainty business development and acquisition related expenses.
- The Company is unable to predict purchase accounting fair value adjustments.
- The Company is unable to predict any one-time, non-recurring charges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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