Catalent (CTLT) Misses Q1 EPS by 24c, Updates FY Guidance
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Catalent, Inc. Reports First Quarter Fiscal 2023 Results
November 1, 2022 6:59 AM EDTQ1'23 net revenue of $1.02 billion, consistent with the prior-year period as reported, but increased 4% in constant currency, compared to Q1'22. Organic, constant-currency net revenue decreased by 1%, compared to Q1'22. Q1'23 net earnings of zero. Q1'23 Adjusted EBITDA(1) of $187 million decreased 26% as reported, or 24% in constant currency, compared to Q1'22. Q1'23 Revenue and Adjusted EBITDA negatively impacted by $54 million due to timing of resolution of previously executed take-or-pay contracts; amount has been paid and is expected to be recognized in... More
