West Pharmaceutical reports Q1 adjusted EPS $1.98, consensus $1.67

Reports Q1 revenue $716.6M, consensus $698.19M. "We had a solid start to the year and are reaffirming our full-year organic sales growth outlook," said Eric M. Green, President, Chief Executive Officer and Chair of the Board of Directors. "We delivered strong performances in both our Generics and Pharma market units, as our teams are addressing certain longer lead-time factors. Our Biologics market unit had continued growth in base demand; however, these efforts were offset by an expected decline in COVID-19 related sales. Our capital spending program remains on track, and we expect high-value product (HVP) global capacity expansion projects to be completed throughout the rest of the year and in 2024, as we prepare for future demand growth from our customers."