Catalent (CTLT) Tops Q1 EPS by 3c
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Catalent, Inc. Reports Preliminary First Quarter Fiscal 2024 Results and Reaffirms Full-Year Fiscal 2024 Guidance
November 15, 2023 6:59 AM ESTQ1'24 net revenue of $982 million decreased 4% as reported, or 6% in constant currency(1), compared to Q1'23. Organic, constant-currency net revenue decreased by 8%, compared to Q1'23. Q1'24 net revenue, excluding COVID revenue of ~$185 million in Q123 and ~$100 million in Q124, increased 5% compared to Q1'23. Q1'24 net loss of $(715) million, includes non-cash goodwill impairment charges of $700 million. Q1'24 Adjusted EBITDA(1) of $115 million decreased 38% as reported, or 39% in constant currency, compared to... More
