NYSE$OGN

Organon & Co. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Organon's financial objectives were delivered, with significant steps taken to advance its vision in women’s health through business development.

Organon reported a total net revenue of $1,604 million for Q4 2021, a decrease of 1% compared to Q4 2020. Strong sales for Nexplanon and growth in biosimilars were offset by declines in Established Brands and supply sales to Merck and other third parties. Net income from continuing operations for the fourth quarter of 2021 was $202 million, or $0.79 per diluted share, compared with $376 million, or $1.48 per diluted share, in the fourth quarter of 2020.

  • Total net revenue was $1,604 million, a decrease of 1% compared with Q4 2020.
  • Women’s Health increased 6% compared with Q4 2020, driven primarily by Nexplanon, which increased 37%.
  • Biosimilars revenue grew 15% compared with Q4 2020, driven by continued growth in the United States for Renflexis and growth in Canada.
  • Established Brands decreased 2% compared to Q4 2020, primarily due to a terminated agreement in Korea for Rosuzet, loss of exclusivity for Zetia in Japan, and the negative impact of Volume Based Procurement in China.

Headline financials

Total Revenue

$1.6B

Previous: $1.61B-0.6%
EPS (adj)

$1.37

Previous: $1.45-5.5%
Gross Margin

62.7%

Previous: 63.7%-1.6%
Non-GAAP Adjusted Gross Margin

66.0%

Previous: 65.2%+1.2%
Adjusted EBITDA Margin

34.2%

Previous: 42.2%-19.0%
Capital Expenditures

$59M

Previous: $121M-51.2%
Net Income

$202M

Previous: $368M-45.1%
Gross Profit

$1.01B

Previous: $1.36B-26.3%
Cash & Equivalents

$737M

Previous: $12M+6041.7%
Total Assets

$10.7B

Previous: $10.1B+5.7%
Stock-Based Comp

$15M

Previous: $8M+87.5%

Revenue & EPS history

Organon · Revenue · Quarterly

$1.6B

Q4 2021-0.6%vs Q4 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Organon · $1.52B total across 4 segments · Q3 2023

  • Established Brands
    $959M
  • Women's Health
    $376M
  • Biosimilars
    $144M
  • Other
    $40M

Forward guidance

The company provided financial guidance for full year 2022, which is presented on a non-GAAP basis.

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

-0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-4.8%

Avg return

30 days after

40%

10 / 25 earnings

Positive

+14.4%

Q4 2023

Best reaction

-26.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+0.1%+0.1%
Q4 2025-8.2%-5.3%-17.4%
Q3 2025+14.0%+11.1%+5.9%
Q1 2025-26.9%-29.4%-28.7%
Q4 2024+11.0%+5.3%+4.1%
Q3 2024+0.8%-8.2%-11.5%
Q2 2024-5.6%-0.2%+5.8%
Q1 2024+4.1%+8.3%+13.3%
Q4 2023+14.4%+13.0%+11.7%
Q3 2023-9.2%-15.3%-21.5%
Q2 2023+6.2%+6.2%-10.7%
Q1 2023-7.1%-12.4%-18.5%
Q4 2022-11.1%-7.6%-25.9%
Q3 2022-6.1%-9.1%+3.0%
Q2 2022-3.3%-3.6%-12.5%
Q1 2022+4.8%+4.7%+12.0%
Q4 2019+0.8%-0.3%-4.9%
Q4 2021-0.7%-1.0%-3.5%
Q3 2020-3.9%-5.1%-17.2%
Q3 2021-8.0%-8.4%-21.5%
Q2 2020+3.4%-2.9%-1.4%
Q2 2021+14.3%+18.2%+13.2%
Q4 2020-1.5%+0.7%+1.6%
Q1 2020-1.5%+0.7%+1.6%
Q1 2021-1.5%+0.7%+1.6%

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