Sector: Healthcare|Industry: Medical Instruments & Supplies|Market Cap: $24.30B|Employees: 10.6K
West Pharmaceutical Services is a leading global manufacturer specializing in the design and production of advanced containment and delivery systems for injectable drugs and healthcare products. The company's primary revenue streams come from proprietary packaging, containment solutions, drug delivery systems, and contract manufacturing. West operates across North and South America, Europe, and Asia, serving a broad range of customers including biologic, generic, pharmaceutical, diagnostic, and medical device companies.
The 10K filing states that consolidated net sales decreased by $56.6 million, or 1.9%, in 2024, including an unfavorable foreign currency translation impact of $7.0 million. This indicates a slight contraction in overall revenue generation.
The 10K filing indicates that Proprietary Products net sales decreased by $62.8 million, or 2.6%, in 2024, including an unfavorable foreign currency translation impact of $6.9 million. This suggests challenges in the company's core product line.
The 10K filing reports that consolidated gross profit margin decreased by 3.8 margin points in 2024, reaching 34.5%. This indicates increased cost of goods sold relative to sales.