West Pharmaceutical Services (NYSE:WST) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$746.9m (flat on 3Q 2023).

• Net income: US$136.0m (down 16% from 3Q 2023).

• Profit margin: 18% (down from 22% in 3Q 2023).

• EPS: US$1.87 (down from US$2.17 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

West Pharmaceutical Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on West Pharmaceutical Services' balance sheet.

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