NASDAQ$RGEN
Repligen Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Repligen's first quarter was marked by record revenue and substantial organic growth, driven by the base business, COVID-related demand, and acquisitions.
Repligen Corporation reported record revenue of $206.4 million for Q1 2022, a 45% increase year-over-year, with organic growth of 44%. The company's base business grew by 37%, while COVID-related sales accounted for 26% of revenue. Increased guidance for full year non-COVID business performance was provided.
- Revenue reached a record $206.4 million, representing a 45% year-over-year increase as reported and 48% at constant currency.
- Organic revenue growth was 44% for the quarter, with base business growth at 37%.
- GAAP gross margin increased to 60.1%, and adjusted gross margin increased to 60.4%.
- GAAP EPS increased to $0.81, while adjusted EPS increased to $0.92.
Headline financials
Revenue & EPS history
Repligen · Revenue · Quarterly
$206M
Revenue by segment
Repligen · $206M total across 2 segments · Q1 2022
- Product Revenue$206M+44.6%100.0%
- Royalty and Other$37K-63.0%0.0%
Forward guidance
Repligen expects total revenue to be in the range of $770-$800 million. Base business revenue is expected to increase by 24%-31%. Overall revenue growth of 15%-19% is projected as reported.
Tailwinds
- Base business revenue expected to increase by 24%-31%.
- Overall revenue growth of 15%-19% as reported.
- Gross margin is expected to be 57%-58% on both a GAAP and non-GAAP basis.
- Adjusted net income is expected to be in the range of $177-$182 million.
- Adjusted EPS is expected to be in the range of $3.07-$3.15.
Headwinds
- Total revenue guidance reduced by $30 million due to lower expected COVID-related demand.
- Adjusted income from operations expected to be in the range of $225-$231 million, compared to previous guidance of $234-$240 million.
- Net income is expected to be in the range of $139-$144 million on a GAAP basis.
- Adjusted EPS is expected to be in the range of $3.07-$3.15, compared to previous guidance of $3.21-$3.30.
- Acquisition and integration expenses are estimated at $13.7 million.
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 Q1 2022
+2.6%
Avg return
Earnings day
+3.4%
Avg return
5 days after
+4.4%
Avg return
30 days after
59%
36 / 61 earnings
Positive
+22.1%
Q3 2018
Best reaction
-23.0%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -7.8% | -2.7% | |
| Q4 2025 | +1.4% | -4.9% | -15.5% | |
| Q3 2025 | -5.9% | -7.5% | +6.3% | |
| Q1 2025 | -2.9% | -1.5% | -14.8% | |
| Q4 2024 | +7.9% | +7.1% | -7.1% | |
| Q3 2024 | +7.9% | -10.6% | +11.8% | |
| Q2 2024 | +21.3% | +17.2% | +9.2% | |
| Q1 2024 | +1.3% | +2.3% | -9.2% | |
| Q4 2023 | -3.2% | -4.0% | -0.9% | |
| Q3 2023 | +15.1% | +31.7% | +37.7% | |
| Q2 2023 | +1.1% | +2.5% | +5.2% | |
| Q1 2023 | +6.4% | +4.3% | +8.8% | |
| Q4 2022 | +3.2% | -2.7% | -10.0% | |
| Q3 2022 | -6.0% | -4.5% | +3.1% | |
| Q2 2022 | +13.1% | +15.9% | +0.6% | |
| Q1 2022 | +7.8% | +11.4% | +19.3% | |
| Q4 2021 | -1.8% | -1.4% | +4.0% | |
| Q3 2021 | +7.2% | +11.7% | +5.5% | |
| Q2 2021 | +14.2% | +19.3% | +32.4% | |
| Q1 2021 | -6.4% | -9.8% | -15.6% | |
| Q4 2020 | +0.3% | +7.4% | -11.1% | |
| Q3 2020 | +8.1% | +0.0% | +0.8% | |
| Q2 2020 | +8.7% | +12.8% | +8.2% | |
| Q1 2020 | +6.7% | +11.9% | +5.0% | |
| Q4 2019 | -10.1% | -22.2% | -18.7% | |
| Q3 2019 | +9.9% | +6.1% | +15.1% | |
| Q2 2019 | -4.0% | -3.2% | -1.7% | |
| Q1 2019 | +2.5% | -0.2% | +11.5% | |
| Q4 2018 | -0.2% | +1.0% | -0.2% | |
| Q3 2018 | +22.1% | +25.2% | +19.3% | |
| Q2 2018 | -1.0% | +2.0% | +14.2% | |
| Q1 2018 | +5.1% | +10.2% | +14.9% | |
| Q4 2017 | +9.2% | +9.5% | +6.2% | |
| Q3 2017 | -7.1% | -13.0% | -4.9% | |
| Q2 2017 | +1.3% | +4.4% | +6.1% | |
| Q1 2017 | +5.2% | +6.3% | +11.7% | |
| Q4 2016 | +6.3% | +6.4% | +13.6% | |
| Q3 2016 | -4.1% | -1.1% | +10.0% | |
| Q2 2016 | -0.6% | -1.1% | +3.9% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -23.0% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | +16.9% | — | — | |
| Q4 2014 | +14.9% | — | — | |
| Q3 2014 | -6.6% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | +5.0% | — | — | |
| Q4 2013 | -8.8% | — | — | |
| Q3 2013 | +8.8% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q3 2010 | -5.0% | — | — | |
| Q4 2012 | +5.8% | — | — | |
| Q3 2012 | +10.2% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2011 | -0.9% | — | — |
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