NASDAQ$REGN

Regeneron Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial results driven by growth in revenues and net income.

Regeneron reported a strong third quarter in 2021, with total revenues increasing by 51% to $3.45 billion compared to the third quarter of 2020. GAAP diluted EPS was $14.33 and non-GAAP diluted EPS was $15.37. The company saw growth in EYLEA U.S. net sales and Dupixent global net sales.

  • Third quarter revenues increased 51% to $3.45 billion versus third quarter 2020, including $804 million attributable to REGEN-COV.
  • EYLEA U.S. net sales increased 12% versus third quarter 2020 to $1.47 billion.
  • Dupixent global net sales increased 55% to $1.66 billion versus third quarter 2020.
  • GAAP diluted EPS was $14.33 and non-GAAP diluted EPS was $15.37.

Headline financials

Total Revenue

$3.45B

Previous: $2.29B+50.5%
EPS (adj)

$15.37

Previous: $8.36+83.9%
Free Cash Flow

$1.63B

Previous: $842M+93.8%
Net Income

$1.63B

Previous: $842M+93.8%
Operating Income

$1.85B

Previous: $1.05B+75.4%
Gross Profit

-$38.7M

Previous: $2.02B-101.9%
Cash & Equivalents

$3.43B

Previous: $1.57B+118.2%
Total Assets

$23.7B

Previous: $16.1B+47.2%
Stock-Based Comp

$137M

Previous: $101M+35.3%

Revenue & EPS history

Regeneron · Revenue · Quarterly

$3.45B

Q3 2021+50.5%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Regeneron · $3.41B total across 6 segments · Q1 2023

  • Net product sales
    $1.67B+1.8%
  • EYLEA U.S.
    $1.43B
  • Other revenue
    $116M+23.4%
  • Libtayo U.S.
    $110M
  • Libtayo ROW
    $67M
  • Evkeeza U.S.
    $15M

Forward guidance

Regeneron's full year 2021 financial guidance includes estimates for R&D, SG&A, gross margin on net product sales, COCM, other operating expense, capital expenditures, and effective tax rate.

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 2021

Historical avgQ3 2021

+0.5%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.1%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+11.7%

Q2 2012

Best reaction

-8.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-3.1%-16.0%
Q4 2025-0.5%+3.4%+4.3%
Q3 2025+11.1%+11.4%+34.1%
Q2 2025+2.5%+1.8%+6.5%
Q1 2025-6.9%-0.9%-0.9%
Q4 2024+4.5%+6.5%+4.7%
Q3 2024-8.6%-10.1%-18.7%
Q2 2024+0.3%-1.2%+9.8%
Q1 2024+5.9%+7.4%+8.5%
Q4 2023-2.2%-2.0%+2.6%
Q3 2023+3.2%+5.0%+3.0%
Q2 2023+4.7%+6.6%+13.6%
Q1 2023-5.1%-6.0%-7.9%
Q4 2022+3.9%-0.2%+3.7%
Q3 2022-0.0%+1.5%+3.5%
Q2 2022+7.0%+9.7%+1.0%
Q1 2022-3.2%-9.2%-4.6%
Q4 2021+0.3%-0.1%-0.0%
Q3 2021-6.2%-5.5%-2.6%
Q2 2021+5.1%+5.9%+17.0%
Q1 2021+3.0%+3.9%+6.1%
Q4 2020-0.8%-1.5%-7.5%
Q3 2020-1.6%-4.8%-16.1%
Q2 2020-4.2%-6.2%-10.5%
Q1 2020+2.2%+4.0%+10.5%
Q4 2019+2.6%+6.6%+32.9%
Q3 2019+4.3%+9.9%+18.4%
Q2 2019+0.9%+1.8%-3.4%
Q1 2019-4.4%-9.1%-13.0%
Q4 2018-3.5%-3.0%-4.4%
Q3 2018+2.6%+0.5%+7.5%
Q2 2018+6.4%+5.5%+9.6%
Q1 2018-1.7%-3.5%+3.6%
Q4 2017+0.5%-3.0%+2.1%
Q3 2017+0.5%-2.7%-5.8%
Q2 2017-1.7%-1.5%+5.7%
Q1 2017+5.4%+5.0%+18.0%
Q4 2016+1.9%+6.6%+9.9%
Q3 2016+8.7%+24.5%+10.9%
Q2 2016-4.2%-5.0%-11.9%
Q1 2016+2.6%
Q4 2015-5.9%
Q3 2015-2.4%
Q2 2015+6.9%
Q1 2015+2.4%
Q4 2014-0.2%
Q3 2014-6.8%
Q2 2014+4.7%
Q1 2014-2.5%
Q4 2013+5.4%
Q3 2013+2.3%
Q2 2013-6.6%
Q1 2013+5.7%
Q4 2012-3.2%
Q3 2012-8.3%
Q2 2012+11.7%
Q1 2012+1.5%
Q4 2011-3.6%
Q3 2011-3.5%
Q2 2011+0.8%
Q1 2011+1.3%
Q4 2010-0.6%
Q3 2010-3.4%
Q2 2010-3.3%
Q1 2010+3.7%

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