Eli Lilly reported an 8% increase in revenue for Q4 2021, driven by an 11% increase in volume. Excluding COVID-19 antibodies, revenue grew by 6%. EPS decreased by 18% to $1.90 on a reported basis but increased by 8% to $2.49 on a non-GAAP basis. The company reaffirmed its 2022 EPS guidance.
Revenue in Q4 2021 increased 8 percent, driven by volume growth of 11 percent.
Excluding COVID-19 antibodies, fourth-quarter 2021 revenue grew 6 percent.
Key growth products contributed 14 percentage points of revenue growth and represented 61 percent of total revenue in Q4 2021, excluding revenue from COVID-19 antibodies.
Fourth-quarter 2021 EPS decreased 18 percent to $1.90 on a reported basis and increased 8 percent to $2.49 on a non-GAAP basis.
The company has reaffirmed all elements of its 2022 financial guidance. EPS for 2022 are still expected to be in the range of $8.00 to $8.15 on a reported basis and $8.50 to $8.65 on a non-GAAP basis.