West Pharmaceutical tops Q1 sales, profit estimates, raises FY forecast

West Pharmaceutical Services

23/04/2026 11:12

Overview

Injectable solutions provider's Q1 net sales rose 21%, beating analyst expectations

Adjusted EPS for Q1 up 47% and beat analyst expectations

Company raised full-year 2026 revenue and adjusted EPS guidance after strong quarter

Outlook

West Pharmaceutical raises full-year 2026 net sales guidance to $3.295 bln-$3.350 bln

Company lifts full-year 2026 adj EPS guidance to $8.40-$8.75

West Pharmaceutical expects Q2 2026 net sales of $830 mln-$850 mln, adj EPS of $2.05-$2.12

Result Drivers

HVP COMPONENTS GROWTH - Organic revenue growth was driven by strong performance in High-Value Product Components, especially Westar and NovaPure products

SELF-INJECTION DEVICES - Increased sales of self-injection device platforms, including Daikyo Crystal Zenith, contributed to growth in HVP Delivery Devices and West Vantage segments

EUROPEAN PRODUCTION RAMP-UP - Company cited successful production ramp-up in Europe as a factor supporting revenue growth

Company press release: ID:nPn8vrq2fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net sales
Beat
$844.90 mln
$779.97 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$2.13
$1.68 (13 Analysts)
Q1 EPS
$1.92


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for West Pharmaceutical Services Inc is $320.00, about 16.6% above its April 22 closing price of $274.41

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)