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Viatris Reports Strong Third Quarter Results, Raises 2021 Financial Guidance and Announces Virtual Investor Event on January 7, 2022
Board of Directors Declares Quarterly Dividend of Eleven Cents ($0.11) per Share PITTSBURGH, Nov. 8, 2021 /PRNewswire/ -- Reports Third Quarter 2021 Financial
About this update from Viatris Inc.
[{"type":"text","content":"Board of Directors Declares Quarterly Dividend of Eleven Cents ($0.11) per Share\n\n\nPITTSBURGH, Nov. 8, 2021 /PRNewswire/ --\nReports Third Quarter 2021 Financial Results: Total Revenues of $4.54 billion; U.S. GAAP Net Earnings of $312 million; Adjusted EBITDA of $1.70 billion; U.S. GAAP Net Cash Provided by Operating Activities of $1.09 billion; and Free Cash Flow of $965 millionRaises 2021 Financial Guidance (1): Total Revenues Guidance Range to $17.70 billion to $17.90 billion, from $17.50 billion to $17.90 billion; Adjusted EBITDA Guidance Range to $6.30 billion to $6.50 billion, from $6.15 billion to $6.45 billion; and Free Cash Flow Guidance Range to $2.40 billion to $2.60 billion, from $2.20 billion to $2.40 billionReturned $266 million to shareholders year to date via dividend payments; Announces Board of Directors Declares 3rd Quarterly Dividend of Eleven Cents ($0.11) per SharePaid Down $1.9 billion of Debt in First Three Quarters of 2021Announces Virtual Investor Event to Take Place January 7, 2022 to Discuss More Details of Company's Two-Phased Strategic Roadmap(1) \nViatris is not providing forward-looking guidance for U.S. GAAP net earnings (loss) or a quantitative reconciliation of its 2021 adjusted EBITDA guidance. U.S. GAAP net cash provided by operating activities for 2021 is estimated to be between $2.90 billion and $3.10 billion. Please see \"Updated 2021 Financial Guidance\" and \"Non-GAAP Financial Measures\" for additional information.\nViatris Inc. (NASDAQ: VTRS) today reported strong results for the third quarter of 2021, highlighted by robust cash flow generation. \nViatris also announced that its Board of Directors declared a quarterly dividend of eleven cents ($0.11) for each issued and outstanding share of the company's common stock. The dividend is payable on December 16, 2021 to shareholders of record at the close of business on November 23, 2021.\nExecutive Comments\nViatris Chief Executive Officer Michael Goettler said, \"Nearly one year after launching our new company, I could not be prouder of all that we have accomplished together. Our continued strong operational performance for three consecutive quarters has allowed us to continue to deliver on our financial commitments and, based on the strength of our results, we are again raising our full-year financial guidance for 2021.\nGoettler cont...