Lantheus Holdings (LNTH) Q3 FY2023 earnings: revenue $320 million, up 33.7% on the year

Lantheus Holdings, Inc. (LNTH) reported revenue of $320 million for Q3 FY2023, the quarter ended 30 September 2023, up 33.7% on the same quarter a year earlier. Net income was $132 million, up 115.5% on the year, and diluted earnings per share $1.88. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2023.

Revenue$320 millionup 33.7%

Net income$132 millionup 115.5%

Diluted EPS$1.88

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	320	n/a	n/a	n/a
Cost of revenue	120	n/a	n/a	n/a
Gross profit	200	n/a	n/a	n/a
Gross margin	62.5%	n/a	n/a
Research and development	14.4	n/a	n/a	n/a
Operating income	112	n/a	n/a	n/a
Operating margin	35.1%	n/a	n/a
Interest expense	5.1	n/a	n/a	n/a
Pre-tax income	160	n/a	n/a	n/a
Income tax	28.0	n/a	n/a	n/a
Effective tax rate	17.5%	n/a	n/a
Net income	132	n/a	n/a	n/a
Net margin	41.2%	n/a	n/a
Diluted EPS	$1.88	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	117	n/a	n/a	n/a
Capital expenditure	0.0	n/a	n/a	n/a
Free cash flow	117	n/a	n/a	n/a
Free cash flow margin	36.5%	n/a	n/a
Cash from investing	83.2	n/a	n/a	n/a
Cash from financing	0.1	n/a	n/a	n/a
Depreciation and amortisation	2.9	n/a	n/a	n/a
Share-based compensation	14.0	n/a	n/a	n/a
Diluted shares, weighted	70m	n/a	n/a	n/a
Shares outstanding at period end	70m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	699	n/a	n/a	n/a
Debt	561	n/a	n/a	n/a
Operating lease liabilities	54.4	n/a	n/a	n/a
Finance lease liabilities	0.4	n/a	n/a	n/a
Other liabilities	207	n/a	n/a	n/a
Total liabilities and equity	1,522	n/a	n/a	n/a
Fixed assets	140	n/a	n/a	n/a
Goodwill	61.2	n/a	n/a	n/a
Intangible assets	163	n/a	n/a	n/a
Cash and equivalents	614	n/a	n/a	n/a
Receivables	259	n/a	n/a	n/a
Inventory	56.5	n/a	n/a	n/a
Other assets	227	n/a	n/a	n/a
Total assets	1,522	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	320	354	370	394	379	391	373	378	384	407	377	388
Cost of revenue	120	124	128	138	137	143	135	137	162	166	146	146
Gross profit	200	230	242	256	242	249	238	241	222	241	231	242
Gross margin	62%	65%	65%	65%	64%	64%	64%	64%	58%	59%	61%	62%
R&D	14.4	16.8	48.0	60.6	24.1	35.3	36.3	45.5	48.0	47.5	39.4	38.2
Operating income	112	137	107	103	134	114	102	88.0	43.6	77.2	81.3	100
Operating margin	35%	39%	29%	26%	35%	29%	27%	23%	11%	19%	22%	26%
Interest expense	5.1	5.0	4.9	4.9	4.9	5.0	4.8	4.9	5.0	5.1	4.9	4.9
Pre-tax income	160	138	171	84.4	176	-0.8	96.5	105	42.4	70.4	156	93.8
Tax rate	18%	25%	23%	26%	26%	n/a	24%	25%	34%	23%	24%	20%
Net income	132	103	131	62.1	131	-11.8	72.9	78.8	27.8	54.1	118	75.0
Net margin	41%	29%	35%	16%	35%	-3%	20%	21%	7%	13%	31%	19%
Diluted EPS	$1.88	$1.47	$1.87	$0.88	$1.79	-$0.17	$1.02	$1.12	$0.41	$0.82	$1.80	$1.11
Operating cash flow	117	112	127	84.7	175	158	108	87.1	105	90.2	125	92.2
Capital expenditure	0.0	0.0	8.3	11.2	15.8	16.4	8.7	8.0	10.6	8.8	3.2	2.3
Free cash flow	117	112	119	73.5	159	141	98.8	79.1	94.7	81.4	122	89.9
Buybacks	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	100	n/a	n/a	n/a
Shares outstanding	70m	70m	71m	71m	71m	71m	72m	72m	72m	65m	65m	65m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 2 November 2023, accession 0001628280-23-036214: the filing on EDGAR. All of Lantheus Holdings, Inc.'s filings: EDGAR company page.

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