Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Financial Report: West | Contract Pharma

What are you searching for?

Sign in
Breaking News, Financial News

Financial Report: West

Record sales for the quarter

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

West

2Q Revenues: $324.8 million (+6%)

2Q Earnings: $15.6 million (-22%) 

YTD Revenues: $641.1 million (+6%)

YTD Earnings: $44.8 million (+13%)

Comments: Pharmaceutical Packaging Systems segment sales grew 6% due to improved sales and increased selling prices. Pharmaceutical Delivery Systems sales grew 3% from increases in safety syringe system sales and contract services. R&D increased by $0.9 million, primarily for further investment in the development of the SmartDose electronic patch injection system. Restructuring, impairment and related charges were $3.7 million in the quarter. Charges of $1.3 million in the quarter and $3.2 million YTD were associated with the December 2010 restructuring and employee severance and benefits, as well as asset transfer and facility closure costs.

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Add Contract Pharma as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters