Lannett (LCI) Tops Q3 EPS by 3c

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Go back to Lannett (LCI) Tops Q3 EPS by 3c

Lannett Reports Strong Fiscal 2015 Third-quarter Financial Results

May 6, 2015 4:16 PM EDT

PHILADELPHIA, May 6, 2015 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2015 third quarter ended March 31, 2015. 

For the fiscal 2015 third quarter, net sales rose 24% to $99.4 million from $80.0 million in last year's third quarter.  Gross profit increased 35% to $75.6 million, or 76% of net sales, from $56.1 million, or 70% of net sales.  Research and development (R&D) expenses decreased to $9.2 million from $10.6 million for the fiscal 2014 third quarter.  Selling, general and administrative (SG&A) expenses were $12.2 million, compared with $9.6 million.  Operating income grew... More