NASDAQ$LNTH

Lantheus Holdings, Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported an increase in worldwide revenue and adjusted EPS, driven by strong performance of PYLARIFY and DEFINITY, and expanded its Alzheimer's disease radiodiagnostics portfolio.

Lantheus reported a strong Q3 2024 with an 18.4% increase in worldwide revenue to $378.7 million. GAAP EPS was $1.79, while adjusted EPS was $1.70. The company is narrowing its full-year 2024 revenue and EPS guidance towards the higher end of previous estimates.

  • Worldwide revenue increased by 18.4% to $378.7 million compared to Q3 2023.
  • PYLARIFY sales increased by 20.6% to $259.8 million, driven by increasing volumes at existing accounts.
  • DEFINITY sales increased by 14.3% to $77.0 million, driven by market growth and competitor supply challenges.
  • GAAP fully diluted earnings per share decreased to $1.79, while adjusted fully diluted earnings per share increased by 15.6% to $1.70.

Headline financials

Total Revenue

$379M

Previous: $320M+18.4%
EPS

$1.79

Previous: $1.47+21.8%
Adjusted Operating Income

$165M

No prior period
Adjusted Net Income

$124M

No prior period
Net Cash from Operations

$175M

No prior period
Capital Expenditures

$15.8M

No prior period
Free Cash Flow

$95.8M

Previous: $97.5M-1.7%
Net Income

$131M

Previous: $132M-0.7%
Operating Income

$134M

Previous: $112M+19.0%
Gross Profit

$242M

Previous: $200M+21.1%
Cash & Equivalents

$866M

Previous: $614M+41.1%
Total Assets

$2.05B

Previous: $1.52B+34.7%
R&D Expense

$24.1M

Previous: $14.5M+67.1%
Stock-Based Comp

$20.4M

Previous: $14M+45.7%

Revenue & EPS history

Lantheus · Revenue · Quarterly

$379M

Q3 2024+18.4%vs Q3 2023
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 narrows full year 2024 revenue and fully diluted earnings per share guidance towards higher end of the previously issued guidance.

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 Q3 2024

Historical avgQ3 2024

+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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