NYSE$AMRX
Amneal Pharmaceuticals Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Amneal reported strong third quarter results, demonstrating the effectiveness of their Amneal 2.0 strategy and resilience amidst the COVID-19 pandemic.
Amneal Pharmaceuticals, Inc. reported a net revenue of $519 million for Q3 2020, a 37% increase compared to Q3 2019. The company's GAAP net loss was $(9) million, with a diluted loss per share of $(0.06). Adjusted net income was $49 million, with an adjusted EBITDA of $114 million and adjusted diluted EPS of $0.16.
- Net revenue increased by 37% to $519 million compared to the prior year.
- GAAP net loss was $(9) million, an improvement from the prior year's net loss of $(265) million.
- Adjusted EBITDA increased by 60% to $114 million compared to the prior year.
- The company updated its full-year 2020 financial outlook with increased expectations for net revenue, adjusted EBITDA, and adjusted diluted EPS.
Headline financials
Revenue & EPS history
Amneal · Revenue · Quarterly
$519M
Revenue by segment
Amneal · $519M total across 3 segments · Q3 2020
- Affordable Medicines$342M+17.5%65.8%
- AvKARE$89.5M—17.2%
- Specialty$87.9M+0.7%16.9%
Forward guidance
Amneal is updating its previously provided 2020 guidance.
Tailwinds
- Net revenue is expected to be between $1,950 million and $2,000 million.
- Adjusted gross margin is expected to be between 41% and 42%.
- Adjusted EBITDA is expected to be between $430 million and $460 million.
- Adjusted diluted EPS is expected to be between $0.55 and $0.65.
- Operating cash flow is expected to be between $170 million and $220 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 Q3 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
| Quarter | Report date | Reaction (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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