NYSE$AMRX

Amneal Pharmaceuticals Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Amneal reported strong financial results driven by generic new product launches and growth in promoted specialty products.

Amneal Pharmaceuticals, Inc. reported Q4 2021 net revenue of $537 million, a GAAP net loss of $6 million, and an adjusted diluted EPS of $0.18. The company's performance was driven by generic new product launches and growth in promoted specialty products.

  • Q4 2021 Net Revenue was $537 million.
  • GAAP Net Loss was $6 million; Diluted Loss per Share was $0.04.
  • Adjusted Net Income was $54 million.
  • Adjusted Diluted EPS was $0.18.

Headline financials

Total Revenue

$537M

Previous: $510M+5.3%
EPS (adj)

$0.18

Previous: $0.14+28.6%
Capital Expenditures

$17.5M

Previous: $29.5M-40.8%
Free Cash Flow

$45.8M

Previous: $76.4M-40.1%
Net Income

-$6M

Previous: -$3M-100.0%
Operating Income

$11.2M

Previous: $20.2M-44.6%
Gross Profit

$166M

Previous: $167M-0.4%
Cash & Equivalents

$248M

Previous: $341M-27.4%
Total Assets

$3.94B

Previous: $4.01B-1.7%
Stock-Based Comp

$7.74M

Previous: $5.13M+50.8%

Revenue & EPS history

Amneal · Revenue · Quarterly

$537M

Q4 2021+5.3%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Amneal · $191M total across 2 segments · Q4 2021

  • Specialty
    $101M+18.2%
  • AvKARE
    $89.6M+8.7%

Forward guidance

Amneal provides 2022 financial guidance of $2.15 to $2.25 billion in net revenue and $540 to $560 million in adjusted EBITDA.

Tailwinds

  • Net revenue: $2.15 billion - $2.25 billion
  • Adjusted EBITDA: $540 million - $560 million
  • Adjusted diluted EPS: $0.80 - $0.85
  • Operating cash flow: $225 million - $250 million
  • Weighted average diluted shares outstanding: Approximately 307 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 2021

Historical avgQ4 2021

-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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