NASDAQ$UTHR

United Therapeutics Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

United Therapeutics reported record revenue growth driven by strong performance across its product portfolio for Q4 2024.

United Therapeutics reported Q4 2024 revenue of $735.9 million, driven by significant growth in Tyvaso and Orenitram. The company achieved net income of $301.3 million and an EPS of $6.74. Adjusted EPS was $6.19. Strong performance across key product lines contributed to a robust quarter.

  • Total revenue for Q4 2024 was $735.9 million, up 20% from Q4 2023.
  • Net income for the quarter was $301.3 million.
  • Tyvaso revenue grew 19% to $415.9 million in Q4 2024.
  • EPS for the quarter was $6.74, and adjusted EPS was $6.19.

Headline financials

Total Revenue

$736M

Previous: $615M+19.7%
EPS (adj)

$6.19

Previous: $4.36+42.0%
Income tax expense

$95.2M

No prior period
Research and development

$134M

No prior period
SG&A expense

$169M

No prior period
Share-based compensation

$27M

No prior period
Basic shares outstanding

44.7M

No prior period
Diluted shares outstanding

48.7M

No prior period
Capital Expenditures

-$86.7M

Previous: -$78.7M-10.2%
Net Income

$301M

Previous: $985M-69.4%
Operating Income

$358M

Previous: $260M+37.5%
Gross Profit

$660M

Previous: $544M+21.4%
R&D Expense

$134M

Previous: $151M-11.6%

Revenue & EPS history

United Therapeutics · Revenue · Quarterly

$736M

Q4 2024+19.7%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

United Therapeutics · $609M total across 6 segments · Q3 2023

  • Nebulized Tyvaso
    $326M+26.4%
  • Remodulin
    $131M+15.0%
  • Orenitram
    $92M+5.1%
  • Unituxin
    $51.3M+11.3%
  • Adcirca
    $7.3M-31.8%
  • Other
    $1.9M

Forward guidance

United Therapeutics expects continued revenue growth driven by strong product performance and pipeline development.

Tailwinds

  • Strong momentum in Tyvaso product line.
  • Expansion of clinical trials for pipeline products.
  • Growth in new patient starts for treprostinil products.
  • Continued revenue growth anticipated from pipeline assets.
  • Focus on product innovations and technology advancements.

Headwinds

  • Potential cost pressures due to inflation.
  • Increased litigation expenses impacting profitability.
  • Risks associated with regulatory delays.
  • Ongoing competition in pulmonary hypertension market.
  • R&D expenses expected to remain elevated.

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 Q4 2024

Historical avgQ4 2024

+0.6%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.1%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+16.2%

Q3 2022

Best reaction

-13.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%-0.4%-4.0%
Q4 2025+13.1%+8.5%+10.4%
Q3 2025+9.7%+5.6%+17.0%
Q1 2025+0.8%-0.7%+6.0%
Q4 2024-10.8%-13.3%-14.1%
Q3 2024+6.0%+6.8%+5.0%
Q2 2024-2.9%-3.5%+7.7%
Q1 2024+10.2%+11.2%+17.4%
Q4 2023+1.6%+4.4%+11.1%
Q3 2023+2.4%+2.4%+8.0%
Q2 2023-3.4%-1.0%-5.0%
Q1 2023-5.7%-8.0%-5.1%
Q4 2022-2.7%-3.3%-13.8%
Q3 2022+16.2%+16.8%+22.0%
Q2 2022-1.5%-2.7%-0.8%
Q1 2022+4.1%-0.6%+27.2%
Q4 2021-13.0%-14.0%-9.5%
Q3 2021+4.8%+5.1%-3.2%
Q2 2021+13.7%+15.0%+16.7%
Q1 2021-1.7%-2.8%-9.9%
Q4 2020-2.1%-0.6%-0.7%
Q3 2020+5.6%+8.6%+9.8%
Q2 2020+0.3%+2.9%-6.3%
Q1 2020-0.2%+2.0%+7.5%
Q4 2019-10.7%-8.0%-19.1%
Q3 2019+3.3%+3.6%+6.1%
Q2 2019+4.5%-0.5%+3.8%
Q1 2019-1.3%-1.9%-18.1%
Q4 2018+3.6%-1.5%-3.8%
Q3 2018-6.2%-6.2%-3.7%
Q2 2018+0.3%+0.7%+0.1%
Q1 2018-8.3%-8.3%-4.2%
Q4 2017-12.9%-14.1%-20.4%
Q3 2017+0.2%+0.8%+5.1%
Q2 2017-2.3%-2.6%-2.2%
Q1 2017-1.0%+1.0%-2.2%
Q4 2016-12.2%-9.2%-16.6%
Q3 2016+4.5%+6.0%+19.0%
Q2 2016+6.9%+11.2%+7.6%
Q1 2016-10.6%
Q4 2015-4.2%
Q3 2015+8.8%
Q2 2015+0.8%
Q1 2015-4.4%
Q4 2014+2.3%
Q3 2014-1.9%
Q2 2014+2.7%
Q1 2014+12.4%
Q4 2013-4.1%
Q3 2013+3.8%
Q2 2013+2.7%
Q1 2013-1.6%
Q4 2012+2.7%
Q3 2012+2.9%
Q2 2012+8.3%
Q1 2012+0.8%
Q4 2011-0.9%
Q3 2011+8.0%
Q2 2011+5.0%
Q1 2010-5.3%
Q1 2011+0.8%
Q4 2008+1.8%
Q4 2010+1.8%
Q3 2009+8.0%
Q3 2010+8.0%
Q4 2009-8.2%
Q2 2010-8.2%
Q2 2009-8.2%

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