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Financial Report: West

Revenues up 9% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

West

4Q Revenues: $321.5 million (+9%)

4Q Earnings: $21.1 million (+12%)

FY Revenues: $1.3 billion (+6%)

FY Earnings: $80.7 million (+7%)

Comments: Pharmaceutical Packaging Systems (PPS) sales grew 8% in the quarter to $227.7 million, driven by pricing and growth in demand for high-value packaging components. Pharmaceutical Delivery Systems (PDS) segment sales grew 10% to $94.0 million with strong proprietary product sales, as well as contract manufacturing revenue.

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