West Pharmaceutical Services Inc (NYSE:WST)

$ 331.66 3.07 (0.93%) Market Cap: 24.16 Bil Enterprise Value: 23.86 Bil PE Ratio: 43.75 PB Ratio: 9.03 GF Score: 95/100

West Pharmaceutical Services Inc at Bank of America Merrill Lynch Health Care Conference Transcript

May 14, 2019 / 10:40PM GMT

Release Date Price: $116.32 (-1.05%)

Transcript 10-Q

Juan Esteban Avendano

BofA Merrill Lynch, Research Division - Associate

We have their CFO and Quintin Lai from IR. So we'll go ahead and get started. Bernard, can you start out by summarizing your first quarter results and the factors that drove performance? That would be good.

Bernard J. Birkett

West Pharmaceutical Services, Inc. - Senior VP, CFO & Treasurer

Okay. So the first quarter was pretty strong which we were pleased to see. We saw growth across our market units which was positive. And we have organic growth of approximately 11% in the quarter and again led by biologics which was again very positive for us to see that market unit continue its rebound and get back to the growth rates that we would expect it to be achieving. And that also drives our high-value product growth rates which is very important from an overall profitability point of view. Generics, again, come in pretty strong. Our pharma division, excluding the Vial2Bag recall impact on revenue, again, was pretty much in line with where we expected it to be for the first quarter. And

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