Lantheus Q3 2024 Earnings Report
Key Takeaways
Lantheus reported a strong Q3 2024 with an 18.4% increase in worldwide revenue to $378.7 million. GAAP EPS was $1.79, while adjusted EPS was $1.70. The company is narrowing its full-year 2024 revenue and EPS guidance towards the higher end of previous estimates.
Worldwide revenue increased by 18.4% to $378.7 million compared to Q3 2023.
PYLARIFY sales increased by 20.6% to $259.8 million, driven by increasing volumes at existing accounts.
DEFINITY sales increased by 14.3% to $77.0 million, driven by market growth and competitor supply challenges.
GAAP fully diluted earnings per share decreased to $1.79, while adjusted fully diluted earnings per share increased by 15.6% to $1.70.
Lantheus
Lantheus
Lantheus Revenue by Segment
Forward Guidance
The company narrows full year 2024 revenue and fully diluted earnings per share guidance towards higher end of the previously issued guidance.