Sector: Healthcare|Industry: Drug Manufacturers - Specialty & Generic|Market Cap: $11.52B|Employees: 18K
Catalent, Inc., together with its subsidiaries, develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. It operates in two segments, Biologics, and Pharma and Consumer Health. The Biologics segment provides formulation, development, and manufacturing for biologic proteins, cell gene, and other nucleic acid therapies; pDNA, iPSCs, oncolytic viruses, and vaccines; formulation, development, and manufacturing for parenteral dose forms, including vials, prefilled syringes, and cartridges; and analytical development and testing services for large molecules. The Pharma and Consumer Health segment offers formulation, development, and manufacturing services for soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations; and oral, nasal, inhaled, and topical dose forms. This segment also provides clinical supply services through manufacturing, packaging, storage, distribution, and inventory management for small-molecule drugs, protein-based biologics, and cell and gene therapies in clinical trials; and pre-clinical screening, formulation, analytical development, and current good manufacturing practices manufacturing at clinical and commercial scale for softgel capsule, Zydis fast-dissolve tablets, oral solid-dose formats, dry powder inhalers, and nasal delivery devices. The company also offers FlexDirect direct-to-patient and FastChain demand-led clinical supply solutions; fill and finish operations for injectable products; and integrated development and product supply chain solutions. It serves biotechnology, pharmaceutical, and consumer health companies; and companies in other healthcare market segments, such as animal health and medical devices, as well as in cosmetics industries. The company was founded in 1933 and is headquartered in Somerset, New Jersey.
The company reports a net loss of $1,043 million for fiscal year 2024, a substantial decline compared to a net loss of $256 million in fiscal year 2023. This sharp increase in net loss suggests underlying financial challenges.
Adjusted EBITDA increased slightly from $697 million in fiscal year 2023 to $703 million in fiscal year 2024. However, this metric excludes significant items like goodwill impairment charges and restructuring costs, potentially obscuring the true financial picture.
Adjusted net income per share decreased significantly from $0.92 in fiscal year 2023 to $0.21 in fiscal year 2024. This decline reflects a deterioration in profitability, even after adjusting for certain non-recurring items.