NYSE$AMRX

Amneal Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Amneal's financial performance was strong in the second quarter of 2020, with increased revenue and adjusted EBITDA.

Amneal Pharmaceuticals reported a net revenue of $465 million for Q2 2020, a 15% increase compared to Q2 2019. The company's GAAP net loss was $(12) million, and adjusted EBITDA was $101 million. Adjusted diluted EPS was $0.13.

  • Net revenue for Q2 2020 reached $465 million, a 15% increase year-over-year.
  • GAAP net loss for Q2 2020 was $(12) million; diluted loss per share was $(0.08).
  • Adjusted EBITDA for Q2 2020 increased by 9% to $101 million.
  • The company is maintaining its full year 2020 financial outlook.

Headline financials

Total Revenue

$465M

Previous: $405M+14.8%
EPS (adj)

$0.13

Previous: $0.09+44.4%
Capital Expenditures

-$15.9M

Previous: -$29.6M+46.3%
Free Cash Flow

-$27.9M

Previous: -$46.5M+40.0%
Net Income

-$12M

Previous: -$16.9M+29.0%
Operating Income

$10.8M

Previous: -$18.9M+156.8%
Gross Profit

$144M

Previous: $105M+37.0%
Cash & Equivalents

$266M

Previous: $54.9M+384.8%
Total Assets

$4.06B

Previous: $4.26B-4.8%
Stock-Based Comp

$5.66M

Previous: $6.22M-9.0%

Revenue & EPS history

Amneal · Revenue · Quarterly

$465M

Q2 2020+14.8%vs Q2 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Amneal · $465M total across 3 segments · Q2 2020

  • Affordable Medicines
    $307M
  • Specialty
    $94.3M
  • AvKARE
    $63.8M

Forward guidance

Amneal is maintaining its previously provided 2020 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 Q2 2020

Historical avgQ2 2020

-0.6%

Avg return

Earnings day

-3.2%

Avg return

5 days after

+0.4%

Avg return

30 days after

54%

20 / 37 earnings

Positive

+36.6%

Q2 2023

Best reaction

-23.0%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-7.6%+0.9%
Q4 2025-4.6%-8.2%-18.2%
Q3 2025-4.1%+8.8%+20.0%
Q1 2025+3.0%-6.7%-5.4%
Q4 2024+3.5%+7.0%-1.2%
Q3 2024+6.9%+4.9%-1.9%
Q2 2024+12.9%+9.6%+21.9%
Q1 2024+7.1%+6.1%+7.6%
Q4 2023-2.2%-3.8%+9.8%
Q3 2023-3.6%+0.2%+11.4%
Q2 2023+36.6%+25.9%+25.6%
Q1 2023+9.8%-3.3%+38.6%
Q4 2022-8.1%-15.8%-33.5%
Q3 2022+13.0%+8.2%+16.8%
Q2 2022-9.5%-9.2%-36.4%
Q1 2022-11.5%-22.2%-13.0%
Q4 2021-7.0%-12.4%-3.4%
Q3 2021-12.5%-9.8%-29.0%
Q2 2021+4.5%+4.9%+6.6%
Q1 2021-8.1%-8.0%-5.5%
Q4 2020+5.9%+0.0%+40.1%
Q3 2020-15.0%-15.6%-14.6%
Q2 2020-16.3%-19.9%-30.7%
Q1 2020+20.3%+16.1%+42.5%
Q4 2019-20.4%-16.4%-37.0%
Q3 2019-23.0%-23.0%+7.0%
Q2 2019-8.0%-10.5%-18.5%
Q1 2019-20.7%-31.0%-41.8%
Q4 2018+8.4%+2.0%+13.8%
Q3 2018+5.1%+4.6%-9.1%
Q2 2018+0.6%+9.8%+19.4%
Q1 2018+1.5%+13.3%+30.2%
Q4 2017+4.4%
Q3 2017+5.9%
Q2 2017+1.5%
Q1 2017-3.2%
Q4 2016+2.3%

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