Lannett Co., Inc.
NYSE:LCI 4:00:00 PM EDT
Layoffs, Positive Earnings Pre-Announcement
Lannett Reports Improved Fiscal 2023 Second Quarter Financial Results Raises Full-Year Guidance
Published: 02/02/2023 00:08 GMT
Lannett Co., Inc. (LCI) - Lannett Reports Improved Fiscal 2023 Second Quarter Financial Results; Raises Full-year Guidance.
Lannett Company Inc Q2 Sales $80.9 Million Versus $86.5 Million.
Lannett Company Inc - Sees 2023 Net Sales $285 Million to $305 Million.
Lannett Company Inc - Qtrly Net Loss Was $36.3 Million, Or $0.88 per Share.
Lannett Company Inc - Qtrly Adjusted Net Loss Was $14.0 Million, Or $0.34 per Share.
Lannett Company Inc - in December 2022, Company Authorized a Restructuring and Cost Savings Plan.
Lannett Company Inc - Cost Savings Will Result in a Workforce Reduction of Approximately 60 Staffed Positions and 40 Recently Vacant Positions.
Lannett Company Inc - Workforce Reduction Will Be Implemented in Phases Over Remainder of Company's Current Fiscal Year.
Lannett Company Inc - Anticipates Exiting Two Facilities Located in Philadelphia, Pennsylvania This Year.
Lannett Company Inc Q2 Sales $80.9 Million Versus $86.5 Million.
Lannett Company Inc - Sees 2023 Net Sales $285 Million to $305 Million.
Lannett Company Inc - Qtrly Net Loss Was $36.3 Million, Or $0.88 per Share.
Lannett Company Inc - Qtrly Adjusted Net Loss Was $14.0 Million, Or $0.34 per Share.
Lannett Company Inc - in December 2022, Company Authorized a Restructuring and Cost Savings Plan.
Lannett Company Inc - Cost Savings Will Result in a Workforce Reduction of Approximately 60 Staffed Positions and 40 Recently Vacant Positions.
Lannett Company Inc - Workforce Reduction Will Be Implemented in Phases Over Remainder of Company's Current Fiscal Year.
Lannett Company Inc - Anticipates Exiting Two Facilities Located in Philadelphia, Pennsylvania This Year.
Revenue is expected to be $72.5 Million
Adjusted EPS is expected to be -$1.56
Next Quarter Revenue Guidance is expected to be $72.35 Million
Next Quarter EPS Guidance is expected to be -$1.56
More details on our Analysts Page.
Adjusted EPS is expected to be -$1.56
Next Quarter Revenue Guidance is expected to be $72.35 Million
Next Quarter EPS Guidance is expected to be -$1.56
More details on our Analysts Page.