NASDAQ$LNTH

Lantheus Holdings, Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022.

Lantheus reported a worldwide revenue of $223.7 million for Q2 2022, a 121.4% increase from the prior year period. GAAP net income was $43.1 million, or $0.61 per fully diluted share, compared to a net loss of $26.7 million, or $0.39 per fully diluted share, in the prior year period. Adjusted fully diluted earnings per share were $0.89, compared to $0.11 for the same period last year. Free cash flow was $68.3 million, representing an increase of approximately $45.0 million from the prior year period.

  • Worldwide revenue of $223.7 million for the second quarter 2022, representing an increase of 121.4% from the prior year period
  • GAAP net income of $43.1 million for the second quarter 2022, compared to GAAP net loss of $26.7 million in the prior year period
  • GAAP fully diluted net income per share of $0.61 for the second quarter 2022, compared to GAAP fully diluted net loss per share of $0.39 in the prior year period; adjusted fully diluted net income per share of $0.89 for the second quarter 2022, compared to adjusted fully diluted net income per share of $0.11 in the prior year period
  • Net cash provided by operating activities was $72.6 million for the second quarter 2022. Free cash flow was $68.3 million in the second quarter 2022

Headline financials

Total Revenue

$224M

Previous: $101M+121.4%
EPS (adj)

$0.89

Previous: $0.11+709.1%
Free Cash Flow

$43.1M

Previous: -$26.7M+261.5%
Net Income

$43.1M

Previous: -$26.7M+261.5%
Operating Income

$63.2M

Previous: -$26.8M+336.0%
Gross Profit

$138M

Previous: $46.1M+199.5%
Cash & Equivalents

$171M

Previous: $91.5M+87.4%
Total Assets

$1.01B

Previous: $858M+18.2%
Stock-Based Comp

$7.41M

Previous: $4.59M+61.6%

Revenue & EPS history

Lantheus · Revenue · Quarterly

$224M

Q2 2022+121.4%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Lantheus · $76.9M total across 2 segments · Q3 2020

  • DEFINITY
    $55.4M
  • TechneLite
    $21.5M

Forward guidance

The Company provides third quarter 2022 revenue and adjusted diluted earnings per share guidance; increases full year guidance

Tailwinds

  • Q3 FY 2022 Revenue: $220 million - $230 million
  • Q3 FY 2022 Adjusted Fully Diluted EPS: $0.80 - $0.85
  • FY 2022 Revenue: $885 million - $905 million (Previous: $800 million - $835 million)
  • FY 2022 Adjusted Fully Diluted EPS: $3.50 - $3.60 (Previous: $2.90 - $3.15)
  • The Company expects continued growth and profitability.

Headwinds

  • The Company does not provide GAAP income per common share guidance.
  • The Company is unable to predict with reasonable certainty business development and acquisition related expenses.
  • The Company is unable to predict purchase accounting fair value adjustments.
  • The Company is unable to predict any one-time, non-recurring charges.
  • These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+4.2%

Avg return

Earnings day

+5.2%

Avg return

5 days after

+10.2%

Avg return

30 days after

51%

23 / 45 earnings

Positive

+63.0%

Q2 2016

Best reaction

-23.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.6%+11.7%+17.2%
Q4 2025-0.4%+4.1%-1.7%
Q3 2025-6.2%-6.7%+10.6%
Q1 2025-23.1%-24.2%-22.2%
Q4 2024+16.5%+18.5%+20.1%
Q3 2024-23.2%-26.9%-22.6%
Q2 2024-10.2%-9.8%-3.0%
Q1 2024+12.1%+12.8%+21.4%
Q4 2023+16.9%+20.4%+4.1%
Q3 2023-2.7%-1.6%+11.7%
Q2 2023-7.5%-13.9%-17.7%
Q1 2023+14.0%+17.9%+7.5%
Q4 2022+24.3%+27.0%+39.8%
Q3 2022-12.0%-17.2%-11.1%
Q2 2022+3.5%+5.1%+3.4%
Q1 2022+11.6%+12.7%+19.0%
Q4 2021+61.6%+70.3%+72.9%
Q3 2021+16.6%+21.5%+6.9%
Q2 2021+7.5%+6.5%+2.1%
Q1 2021-5.7%-7.2%+3.7%
Q4 2020-5.0%-6.9%+0.7%
Q3 2020+0.3%+7.6%+22.2%
Q2 2020-14.2%-19.4%-14.1%
Q1 2020-14.0%-9.4%-2.1%
Q4 2019+1.2%-3.5%-21.7%
Q3 2019+4.1%+6.4%+4.9%
Q2 2019-21.3%-19.9%-24.2%
Q1 2019-5.1%+3.8%-1.0%
Q4 2018+18.8%+29.1%+35.4%
Q3 2018+10.2%+18.8%+40.8%
Q2 2018-7.6%-6.6%+11.4%
Q1 2018-2.5%-14.7%-20.4%
Q4 2017-22.5%-17.2%-21.0%
Q3 2017+19.3%+17.9%+16.8%
Q2 2017-16.0%-6.8%-5.1%
Q1 2017+13.1%+1.5%+25.0%
Q4 2016+28.6%+33.9%+25.9%
Q3 2016+9.8%+1.7%+6.4%
Q2 2016+63.0%+63.9%+155.4%
Q1 2016-6.2%
Q1 2015-6.2%
Q4 2015+17.1%
Q3 2015+27.6%
Q4 2014-1.3%
Q2 2015-1.3%
Q2 2014
Q4 2013
Q3 2013
Q2 2013
Q4 2012

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