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Sep 30, 2023
Lantheus Q3 2023 Earnings Report
Reported a 33.7% increase in worldwide revenue and a GAAP net income increase compared to the prior year period.
Key Takeaways
Lantheus reported strong Q3 2023 financial results, with a significant increase in worldwide revenue and GAAP net income compared to the same period last year. The company's performance was driven by its commercial portfolio and pipeline progress.
Worldwide revenue increased by 33.7% year-over-year to $319.9 million.
GAAP net income reached $132.0 million, compared to $61.2 million in the prior year period.
GAAP fully diluted net income per share was $1.88, up from $0.86 in the prior year period.
Free cash flow was $102.1 million, an increase of approximately $14.6 million from the prior year period.
Lantheus
Lantheus
Forward Guidance
The company updated its full year 2023 revenue and adjusted diluted earnings per share guidance.
Positive Outlook
- FY 2023 Revenue is projected to be between $1.255 billion and $1.27 billion.
- FY 2023 Adjusted Fully Diluted EPS is expected to be between $5.80 and $5.85.