Viatris Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

Viatris Inc Q3 2023 Earnings Call Summary

Viatris Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
Viatris Inc Q3 2023 Earnings Call Summary
Published Nov 07, 2023
12 pages (6047 words) — Published Nov 07, 2023
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Abstract:

Edited Brief of VTRS.OQ earnings conference call or presentation 7-Nov-23 10:00pm GMT

  
Brief Excerpt:

...A. We achieved our second consecutive quarter of year-over-year operational revenue growth and our 11th straight quarter of strong operating results and consistently improving metrics, all evidence that we continue to build momentum as we bring Phase I of our strategic plan to successful completion. B. In the third quarter, we delivered total revenues of $3.94 billion, representing approximately 1% year-over-year growth and adjusted EBITDA of $1.36 billion and free cash flow of $738 million, both of which, as you will hear more about from Sanjeev later were above our expectations. C. Based on our strong operational performance in the first 9 months of the year, we are reaffirming our 2023 financial guidance ranges for adjusted EBITDA and free cash flow. D. The company is delivering strong operational revenues in line with our expectations. E. However, the impact of foreign exchange headwinds requires that we make a modest adjustment to our 2023 total revenue guidance range due solely to...

  
Report Type:

Brief

Source:
Company:
Viatris Inc
Ticker
VTRS.OQ
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Viatris Inc Q3 2023 Earnings Call Summary" Nov 07, 2023. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Viatris-Inc-Earnings-Call-B15768831>
  
APA:
Thomson StreetEvents. (2023). Viatris Inc Q3 2023 Earnings Call Summary Nov 07, 2023. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Viatris-Inc-Earnings-Call-B15768831>
  
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