Viatris reports second quarter financial results for 2024

Pittsburgh , aug. 8, 2024 /prnewswire/ -- strong results demonstrate power of company's diversification, execution and growing base business  total revenues of $3.8 billion and operational revenue growth of ~2% on a divestiture-adjusted basis[1] strong new product revenues in the quarter of $210 million drove growth across segments u.s. gaap net loss was $326 million; adjusted ebitda grew ~2% to $1.2 billion on a divestiture-adjusted basis; u.s. gaap diluted eps was a loss of $0.27 per share; adjusted eps grew ~3% to $0.69 per share on a divestiture-adjusted basis[2] completion of divestitures marks inflection point in company's move towards accelerated growth and shareholder return raises 2024 full-year new product revenues range to $500 million-$600 million expects 2024 full-year total revenues growth of ~2% on a divestiture-adjusted operational basis[3] viatris inc. (nasdaq: vtrs) today announced strong financial results for the second quarter of 2024, including total revenues of $3.8 billion and new product revenues of $210 million, demonstrating the company's ability to continue to grow its diversified base business.  with the substantial completion of its divestitures the company believes it has increased its financial strength and has a strong foundation from which to accelerate growth and shareholder return.
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