VTRS - Viatris beats Q2 top and bottom line estimates; reaffirms FY23 outlook
2023-08-07 07:04:57 ET
- Viatris press release ( NASDAQ: VTRS ): Q2 GAAP EPS of $0.22 beats by $0.02 .
- Revenue of $3.92B (-4.9% Y/Y) beats by $60M .
- Adjusted EBITDA of $1.31 Billion; U.S. GAAP Net Cash Provided by Operating Activities of $515 Million; and Free Cash Flow of $447 Million for the Quarter.
- Reaffirms that Full-Year Total Revenues, Adjusted EBITDA and Free Cash Flow Expected to be at Midpoint of 2023 Guidance Ranges: Total Revenues of $15.5B - $16.0B; Adjusted EBITDA of $5.0B - $5.4B; Free Cash Flow of $2.3B - $2.7B.
- Pays Down $727 Million of Debt Year to Date.
- Remains on Track to Announce Planned Divestitures in 2023
For further details see:
Viatris beats Q2 top and bottom line estimates; reaffirms FY23 outlook