Lannett (LCI) Tops Q3 EPS by 1c, Offers FY Guidance

GAAP

Adjusted

Net sales

$685 million to $695 million, updated from $680 million to $700 million

$685 million to $695 million, updated from $680 million to $700 million

Gross margin %

Approximately 42%, down from 42% to 43%

Approximately 48%, down from 48% to 49%

R&D expense

$30 million to $32 million, down from $36 million to $38 million

$30 million to $32 million, down from $36 million to $38 million

SG&A expense

$79 million to $81 million, Unchanged

$71 million to $73 million, Unchanged

Integration and restructuring related expense

$4 million to $5 million, unchanged

$ --

Loss on Sale of Intangible asset

$16 million

$ --

Interest expense and other

$79 million to $80 million, Up from $77 million to $78 million

$62 million to $63 million, Unchanged

Effective tax rate

Approximately 35%, down from approximately 39%

Approximately 28%, up from approximately 27%

Capital expenditures

Approximately $50 million, changed from the range of $45 million to $55 million

Approximately $50 million, changed from the range of $45 million to $55 million