NYSE$AMRX

Amneal Pharmaceuticals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Amneal's financial performance was reported for Q4 2020, with net revenue increasing and a net loss decreasing compared to the previous year.

Amneal Pharmaceuticals reported a 28% increase in net revenue to $510 million for Q4 2020. The company experienced a net loss of $3 million, an improvement from the $32 million loss in the same quarter of the previous year. Adjusted diluted EPS was $0.14, compared to $0.08 in the prior year.

  • Net revenue increased by 28% to $510 million compared to Q4 2019.
  • GAAP net loss improved to $3 million from a $32 million loss in the prior year.
  • Adjusted EBITDA increased by 33% to $107 million.
  • Adjusted diluted EPS increased to $0.14 from $0.08 in the prior year.

Headline financials

Total Revenue

$510M

Previous: $397M+28.4%
EPS (adj)

$0.14

Previous: $0.08+75.0%
Capital Expenditures

$29.5M

Previous: $4.52M+553.8%
Free Cash Flow

$76.4M

Previous: -$55.4M+237.9%
Net Income

-$3M

Previous: -$64.9M+95.4%
Operating Income

$20.2M

Previous: -$23.1M+187.2%
Gross Profit

$167M

Previous: $110M+51.6%
Cash & Equivalents

$341M

Previous: $151M+125.8%
Total Assets

$4.01B

Previous: $3.67B+9.3%
Stock-Based Comp

$5.13M

Previous: $5.01M+2.4%

Revenue & EPS history

Amneal · Revenue · Quarterly

$510M

Q4 2020+28.4%vs Q4 2019
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Amneal · $510M total across 3 segments · Q4 2020

  • Affordable Medicines
    $342M+13.9%
  • Specialty
    $85.5M-11.9%
  • AvKARE
    $82.4M

Forward guidance

Amneal provided its full year 2021 financial guidance, with net revenue expected to be between $2.1 billion and $2.2 billion and adjusted diluted EPS between $0.70 and $0.85.

Tailwinds

  • Net revenue between $2.1 billion - $2.2 billion
  • Adjusted EBITDA between $500 million - $540 million
  • Adjusted diluted EPS between $0.70 - $0.85
  • Operating cash flow between $220 million - $250 million
  • Capital expenditures between $60 million - $70 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 Q4 2020

Historical avgQ4 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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