Business
Viatris Reports First Quarter 2025 Results and Reaffirms 2025 Outlook
Delivers Total Revenues in Line With Expectations Demonstrating Strength of the Base BusinessMakes Significant Pipeline Progress With Three Positive Phase 3
About this update from Viatris Inc.
[{"type":"text","content":"Delivers Total Revenues in Line With Expectations Demonstrating Strength of the Base BusinessMakes Significant Pipeline Progress With Three Positive Phase 3 Data Readouts Returns More Than $450 Million in Capital to Shareholders Year-to-Date and Reaffirms 2025 Capital Allocation Priorities PITTSBURGH, May 8, 2025 /PRNewswire/ -- Viatris Inc. (Nasdaq: VTRS) today reported first quarter 2025 financial results and reaffirmed its 2025 outlook[1].\n\n \n \n\n\n\n\n\n\n \nExecutive Commentary\n\"2025 is off to a good start as we continue to focus on executing our strategic priorities,\" said Scott A. Smith, CEO, Viatris. \"Our growing pipeline, capital discipline, operational execution, and significant global scope give us confidence in our ability to navigate the periods of increased volatility and uncertainty that our industry has been experiencing much of this year.\"\n\"We continue to generate strong cash flow and we are delivering on our capital allocation plan including share repurchases of over $300 million year to date,\" said Doretta Mistras, CFO, Viatris. \"We believe we are currently well positioned to meet our financial guidance and our commitment to prioritizing returning capital to shareholders through the remainder of the year.\"\n[1] Viatris is not providing forward-looking guidance for U.S. GAAP net (loss) earnings or U.S. GAAP diluted EPS or a quantitative reconciliation of its 2025 adjusted EBITDA or adjusted EPS guidance. U.S. GAAP net cash provided by operating activities for 2025 is estimated to be between $2.2 billion and $2.5 billion, with a midpoint of approximately $2.35 billion. 2025 financial guidance ranges as provided on May 8, 2025, exclude the impact of any divestiture-related taxes and transaction costs, acquired IPR&D for unsigned deals, and any potential impact of future tariffs and trade restrictions as they cannot be reasonably forecasted. See \"2025 Financial Guidance\" and \"Non-GAAP Financial Measures\" for additional information.\nFirst Quarter Results\nThree Months Ended\nMarch 31,\n(Unaudited; in millions, except %s and per share amounts)\n2025\n2024\nReported Change\nOperational Change(1) (2)\nDivestiture AdjustedOperationalChange(1)(2)\nTotal Revenues\n$ 3,254.3\n$ 3,663.4\n(11) %\n(9) %\n(2) %\nTotal Net Sales\n$ 3,243.2\n$ 3,653.5\n(11) %\n(9) %\n(3) %\nDeveloped Markets\n1,891.7\n2,165.4...