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Financial Report: West

Revenues up 13% in the quarter, driven by packaging systems

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By: Tim Wright

Editor-in-Chief, Contract Pharma

West

3Q Revenues: $341.8 million (+13%)

3Q Earnings: $26.8 million (+81%)

YTD Revenues: $1.0 billion (+9%)

YTD Earnings: $88.7 million (+49%)

Comments: Pharmaceutical Packaging Systems (PPS) sales were $251.5 million, up 17% in the quarter, driven by sales of FluroTec and Teflon coated components, and Westar RS and RU products. Pharmaceutical Delivery Systems (PDS) sales were $90.8 million, up 3%, reflecting a 13% improvement in product sales, offset by a decline in contract manufacturing revenues.

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