VTRS - Viatris reports Q1 results
2023-05-08 07:47:09 ET
- Viatris press release ( NASDAQ: VTRS ): Q1 GAAP EPS of $0.19
- Revenue of $3.72B (-11.2% Y/Y) misses by $90M .
- U.S. GAAP Net Earnings of $225 million; Adjusted EBITDA of $1.34 billion; U.S. GAAP Net Cash Provided by Operating Activities of $971 million; and Free Cash Flow of $923 million for the Quarter
- Expects Full-Year Total Revenues, Adjusted EBITDA and Free Cash Flow to be at Midpoint of 2023 Guidance Ranges[1]
- Reaffirms 2024 Phase 2 Outlook from November 7 Strategic Update
- Returns Approximately $400 million of Capital to Shareholders in First Quarter Through Dividends and Share Repurchases
- Pays Down Debt of $546 million in First Quarter
- Board of Directors Declares Quarterly Dividend of $0.12 per Share
For further details see:
Viatris reports Q1 results