NYSE$AMRX

Amneal Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Amneal's Q4 2023 performance was marked by a net revenue of $617 million, alongside a GAAP net loss of $99 million, and an adjusted diluted EPS of $0.14.

Amneal reported a 1% increase in net revenue to $617 million for Q4 2023. However, the company experienced a GAAP net loss of $99 million, and an adjusted diluted EPS of $0.14.

  • Net revenue increased by 1% to $617 million compared to Q4 2022.
  • GAAP net loss was $99 million, compared to a net loss of $4 million in Q4 2022.
  • Adjusted EBITDA decreased by 8% to $142 million compared to Q4 2022.
  • Adjusted diluted EPS was $0.14, a decrease of 39% from Q4 2022.

Headline financials

Total Revenue

$617M

Previous: $610M+1.2%
EPS (adj)

$0.14

Previous: $0.23-39.1%
Capital Expenditures

-$31.7M

Previous: $11.5M-376.4%
Net Income

-$99M

Previous: -$4M-2375.0%
Operating Income

$14.2M

Previous: $36M-60.6%
Gross Profit

$226M

Previous: $215M+4.9%
R&D Expense

$46.1M

No prior period
Stock-Based Comp

$5.97M

Previous: $7.83M-23.7%

Revenue & EPS history

Amneal · Revenue · Quarterly

$617M

Q4 2023+1.2%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Amneal · $620M total across 3 segments · Q3 2023

  • Affordable Medicines
    $391M+11.6%
  • AvKARE
    $132M+24.6%
  • Specialty
    $97.3M+8.7%

Forward guidance

Amneal provides 2024 financial guidance of $2.55 to $2.65 billion in net revenue and $580 to $620 million in Adjusted EBITDA.

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 2023

Historical avgQ4 2023

-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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