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Financial Report: West 2Q

Pharmaceutical Packaging Systems sales were $200.9 million in the quarter (+6%) attributed to growth in sales of Westar-processed, FluroTec- and Teflon-coated products, as well as sales of Envision.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

West 2Q

2Q Revenues: $281.8 million (+8%)

2Q Earnings: $21.7 million (+10%)

YTD Revenues: $556.5 million (+11%)

YTD Earnings: $41.6 million(+19%)

Comments: Pharmaceutical Packaging Systems sales were $200.9 million in the quarter (+6%) attributed to growth in sales of Westar-processed, FluroTec- and Teflon-coated products, as well as sales of Envision. Pharmaceutical Delivery Systems sales were $82.0 million in the quarter (+14%). The quarter included $4.9 million of sales of acquired businesses, including $4.7 million of Eris safety syringe revenue. Approximately 80% of segment revenues are from contract manufacturing and 20% are from proprietary products. Restructuring costs were $0.4 million in the quarter.

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