Overview
Canada specialty healthcare firm's Q1 revenue rose 27% yr/yr, driven by Oral Science acquisition
Q1 adjusted EPS was C$0.22, up C$0.02 from year ago; no analyst estimates provided
Company repurchased 100,000 shares under NCIB and raised quarterly dividend by 10%
Outlook
Company cites uncertainty in business environment due to Middle East conflict and trade protectionism
BioSyent says it is positioned to pursue growth with a diversified portfolio after Oral Science acquisition
Result Drivers
ORAL SCIENCE ACQUISITION - Acquisition of Oral Science added C$3.0 mln in sales and contributed to profit in March, per CEO René Goehrum
PHARMACEUTICAL SALES GROWTH - Canadian pharmaceutical sales rose 9%, led by FeraMAX and Tibella brands, per CEO René Goehrum
INTERNATIONAL SALES MIXED - Continued shipments of FeraMAX to Middle East despite geopolitical turmoil; Tibelia sales declined due to prior-year backlog deliveries, per CEO René Goehrum
Company press release: ID:nGNXc9VrTK
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
C$0.20
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)