Catalent (CTLT) Tops Q3 EPS by 1c, Beat on Revenues; Offers FY17 Revenue Guidance

Catalent (NYSE: CTLT) reported Q3 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $532.6 million versus the consensus estimate of $472.67 million.

GUIDANCE:

Catalent sees FY2017 revenue of $1.94-1.98 billion, versus the consensus of $1.96 billion.

Fiscal Year 2017 Outlook

There is no change to Catalent’s previously issued financial guidance. For fiscal year 2017, the company expects revenue in the range of $1.940 billion to $1.980 billion. Catalent expects Adjusted EBITDA in the range of $435 million to $450 million and Adjusted Net Income in the range of $168 million to $183 million. These guidance ranges continue to be consistent with the organic, constant currency long-term CAGR growth expectations of 4-6% for revenue and 6-8% for Adjusted EBITDA. The Company expects self-funded capital expenditures in the range of $130 million to $135 million and fully diluted share count in the range of 126 million to 128 million shares on a weighted average basis.

FIRST QUARTER HIGHLIGHTS COMPARED TO PRIOR YEAR:

• Revenues of $892.4 million, an increase of 2.1%, including a 1.1% unfavorable impact from foreign exchange
• Gross profit of $368.7 million, an increase of 0.6%
• Earnings per diluted share (“EPS”) decreased 19.7% to $0.62 and Adjusted earnings per diluted share (“Adjusted EPS”) decreased 1.2% to $1.09.

For earnings history and earnings-related data on Catalent (CTLT) click here.

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