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West Pharmaceutical Services

OverviewSuggest Edit

West Pharmaceutical Services manufactures and sells packaging components and delivery systems for injectable drugs and healthcare products internationally. The Company's Proprietary Products segment offers stoppers and seals for injectable packaging systems and syringe and cartridge components, including custom solutions for the needs of injectable drug applications, as well as administration systems that enhance the safe delivery of drugs through advanced reconstitution, mixing, and transfer technologies. This segment serves biologic, generic, and pharmaceutical drug companies. Its Contract-Manufactured Products segment is involved in the design, manufacture, and automated assembly of components and devices used in surgical, diagnostic, ophthalmic, injectable, and other drug delivery systems, as well as consumer products. This segment serves pharmaceutical, diagnostic, and medical device companies. West Pharmaceutical Services distributes products through its sales force and distribution network, as well as contract sales agents and regional distributors.
TypePublic
Founded1923
HQExton, USMap
Websitewestpharma.com
Employee Ratings3.3More
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Latest Updates

Employees (est.) (Dec 2019)8,200(+7%)
Job Openings190
Revenue (FY, 2019)$1.8 B(+8%)
Share Price (Sept 2020)$281.3 (-1%)
Cybersecurity ratingBMore

Key People/Management at West Pharmaceutical Services

Mark A. Buthman

Mark A. Buthman

Director
Eric M. Green

Eric M. Green

President, Chief Executive Officer & Director
Silji Abraham

Silji Abraham

Senior Vice President & Chief Digital and Transformation Officer
Robert Friel

Robert Friel

Director
William F. Feehery

William F. Feehery

Director
Thomas W. Hofmann

Thomas W. Hofmann

Director
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West Pharmaceutical Services Office Locations

West Pharmaceutical Services has offices in Exton, Grand Rapids, Jersey Shore, Kearney and in 22 other locations
Exton, US (HQ)
530 Herman O. W Dr
Grand Rapids, US
3116 N Wilson Ct NW
Jersey Shore, US
347 Oliver St
Kearney, US
923 N Railroad St
Kinston, US
1028 Innovation Way
St. Petersburg, US
5111 Park St N
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West Pharmaceutical Services Financials and Metrics

West Pharmaceutical Services Revenue

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West Pharmaceutical Services's revenue was reported to be $1.84 b in FY, 2019
USD

Revenue (Q2, 2020)

527.2m

Gross profit (Q2, 2020)

195.1m

Gross profit margin (Q2, 2020), %

37%

Net income (Q2, 2020)

91.2m

EBIT (Q2, 2020)

103.6m

Market capitalization (16-Sept-2020)

22.4b

Closing stock price (16-Sept-2020)

281.3

Cash (30-Jun-2020)

445.9m

EV

22.3b
West Pharmaceutical Services's current market capitalization is $22.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.1b1.2b1.3b1.4b1.4b1.4b1.5b1.6b1.7b1.8b

Revenue growth, %

4%(2%)8%

Cost of goods sold

786.6m853.0m878.7m933.7m973.6m944.0m1.0b1.1b1.2b1.2b

Gross profit

318.1m339.3m387.7m434.7m447.8m455.8m501.1m512.6m545.4m605.7m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

281.8m271.4m295.4m307.9m293.6m316.3m324.8m303.8m339.4m344.5m341.8m346.8m368.9m355.9m335.9m359.7m344.5m362.1m388.0m376.7m387.7m397.6m398.2m415.7m447.5m431.7m443.5m469.7m456.1m491.5m527.2m

Cost of goods sold

198.6m196.7m207.4m223.3m212.2m215.2m226.1m213.4m227.7m233.6m236.3m240.4m247.1m246.0m226.2m241.5m236.2m238.8m254.7m255.6m253.6m272.6m273.2m281.3m305.3m296.1m296.7m311.8m308.3m324.5m332.1m

Gross profit

83.2m74.7m88.0m84.6m81.4m101.1m98.7m90.4m111.7m110.9m105.5m106.4m121.8m109.9m109.7m118.2m108.3m123.3m133.3m121.1m134.1m125.0m125.0m134.4m142.2m135.6m146.8m157.9m147.8m167.0m195.1m

Gross profit Margin, %

30%28%30%27%28%32%30%30%33%32%31%31%33%31%33%33%31%34%34%32%35%31%31%32%32%31%33%34%32%34%37%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

110.2m91.8m161.9m230.0m255.3m274.6m203.0m235.9m337.4m439.1m

Accounts Receivable

126.4m147.2m175.0m185.7m179.0m181.4m200.5m253.2m288.2m319.3m

Prepaid Expenses

42.5m73.3m38.1m34.7m35.7m36.6m39.2m54.3m

Inventories

147.0m151.8m162.2m176.9m181.5m181.1m199.3m215.2m214.5m235.7m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

67.5m97.1m94.6m110.4m119.2m100.2m107.0m143.2m175.0m190.6m221.7m230.0m226.7m246.8m207.1m252.0m256.8m178.1m202.7m205.9m169.4m226.6m269.3m199.8m225.5m297.3m265.5m326.7m335.3m445.9m

Accounts Receivable

145.7m142.8m161.2m165.7m153.1m176.0m185.0m182.9m189.0m195.3m198.2m208.7m209.6m195.9m189.5m198.8m194.6m209.6m219.0m209.5m224.8m242.4m251.8m290.4m296.7m302.9m318.2m330.8m316.1m340.6m

Prepaid Expenses

40.0m44.6m56.9m61.6m65.0m34.5m32.9m36.0m35.1m33.8m30.1m44.1m44.4m36.4m33.7m33.5m48.9m39.8m41.6m46.1m37.5m40.0m37.6m36.5m43.1m57.8m54.5m61.6m

Inventories

143.3m148.4m157.1m161.2m155.5m158.2m159.2m165.9m173.5m176.5m176.7m187.5m187.9m185.7m183.4m187.2m187.7m194.1m197.7m201.1m212.3m211.3m215.8m215.7m208.2m206.8m226.1m232.3m230.4m274.8m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

65.3m75.5m80.7m112.3m127.1m95.6m143.6m150.7m206.9m241.7m

Depreciation and Amortization

68.8m75.7m76.9m89.1m94.9m89.9m90.7m96.7m104.4m3.4m

Inventories

20.7m(9.3m)(8.9m)(13.9m)(16.2m)(11.4m)(21.2m)(3.6m)(7.0m)(18.6m)

Accounts Payable

(300.0k)24.6m5.8m4.6m(3.5m)17.2m6.1m12.6m400.0k25.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

41.6m59.3m19.6m39.7m56.7m29.2m44.8m59.6m31.7m61.9m88.7m27.1m64.7m95.7m32.9m60.7m62.2m22.1m79.2m104.5m60.9m99.7m150.7m43.6m99.7m154.9m55.4m121.5m177.8m74.3m165.5m

Depreciation and Amortization

33.2m50.4m18.3m36.5m53.9m17.5m35.2m53.6m19.4m39.1m63.1m21.8m44.9m63.9m22.0m44.2m66.6m22.3m45.0m2.0m23.3m46.8m71.8m26.4m51.9m78.1m25.5m51.8m77.1m26.0m52.4m

Cash From Operating Activities

43.1m91.1m9.5m49.2m88.9m13.8m66.0m117.6m18.9m98.4m151.7m8.8m73.0m136.9m(1.9m)75.6m144.4m3.0m79.2m147.6m20.7m106.0m181.8m45.0m127.0m215.4m47.6m152.7m260.8m57.1m205.2m

Purchases of PP&E

(32.6m)(49.8m)(19.4m)(37.8m)(62.0m)(32.4m)(69.4m)(98.4m)(61.7m)(83.8m)(113.1m)(31.7m)(56.2m)(84.8m)(30.4m)(57.1m)(86.8m)(39.0m)(74.0m)(122.7m)(37.5m)(67.0m)(101.3m)(28.0m)(48.2m)(74.7m)(28.8m)(57.1m)(88.8m)(32.1m)(69.2m)
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USDQ2, 2010

Financial Leverage

1.9 x
Show all financial metrics

West Pharmaceutical Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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West Pharmaceutical Services Online and Social Media Presence

West Pharmaceutical Services's Trends

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West Pharmaceutical Services News and Updates

September 04, 2020

Why West Pharmaceutical Services Stock Rallied 3x While Revenues Grew Just 15%?

The stock price of West Pharmaceutical Services, best known for injectable pharmaceutical packaging and delivery systems, has seen a 3x growth since the end of 2017. But how did the company pull off such impressive gains, as its revenues grew just 15% between 2017 and 2019? Well, most of the stock..
July 07, 2020

What’s Next For West Pharmaceutical Services After An 80% Rally?

The stock price of West Pharmaceutical Services, best known for injectable pharmaceutical packaging and delivery systems, has rallied around 78% over recent weeks (vs. about a 40% gain in the S&P 500) to its current level of $230, after falling to a low of $129 in late March as a rapid increase.…
May 21, 2020

West Pharmaceutical Services, Inc. to Join S&P 500 Index

EXTON, Pa., May 21, 2020 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced that it has been named to the S&P® 500, which will become effective after close of trading today. "We are honored...
November 16, 2018

Global Pharmaceutical Cartridges Market to 2026 with Gerresheimer, SCHOTT,West Pharmaceutical Services, Merck, Stevanto, Transcoject, and Baxter Dominating

DUBLIN, Nov. 16, 2018 /PRNewswire/ -- The "Pharmaceutical Cartridges Market Size, Share & Trends Analysis Report By Material Type (Glass, Plastic), By Region (North America, Latin America, Europe, MEA, APAC), And Segment Forecasts, 2018 - 2026" report has been added to...
September 20, 2018

Global Pharmaceutical Packaging Market 2018-2023 with Sonoco Products Company, Amcor Group, West Pharmaceutical Services, Inc. and IntraPac International Dominating

DUBLIN, Sept 20, 2018 /PRNewswire/ -- The "Global Pharmaceutical Packaging Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering. The global pharmaceutical Packaging Market was valued at US$71.379 billion in 2017 and is projected to expand at a...
April 26, 2018

West Pharmaceutical Services' (WST) CEO Eric Green on Q1 2018 Results - Earnings Call Transcript

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West Pharmaceutical Services Blogs

April 23, 2020

West Announces First-Quarter 2020 Results

West Announces First-Quarter 2020 Results Content Import Thu, 04/23/2020 - 06:00 West Announces First-Quarter 2020 Results Apr 23, 2020 This release is a backfill from a News Wire Earnings - Conference Call Scheduled for 9 a.m. EDT T…
March 10, 2020

Q1 2020 West Pharmaceutical Services Earnings Conference Call

Q1 2020 West Pharmaceutical Services Earnings Conference Call James.Jordan@n… Tue, 03/10/2020 - 16:37 Q1 2020 West Pharmaceutical Services Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call …
February 25, 2020

West Announces Second-Quarter Dividend

EXTON, Pa. , Feb. 25, 2020 /PRNewswire/ --  West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced today that the Company's Board of Directors has approved a second-quarter 2020 dividend of $0.16 per share.
February 17, 2020

Robert Friel

Robert Friel James.Jordan@n… Mon, 02/17/2020 - 11:38 Robert Friel Retired Chairman and Chief Executive Officer of PerkinElmer, Inc. Age 64 Director since 2020 Mr. Friel recently retired as Chairman and Chief Executive Officer of PerkinElme…
February 13, 2020

West Announces Fourth-Quarter and Full-Year 2019 Results

West Announces Fourth-Quarter and Full-Year 2019 Results Content Import Thu, 02/13/2020 - 06:01 West Announces Fourth-Quarter and Full-Year 2019 Results Feb 13, 2020 This release is a backfill from a News Wire Earnings - Conference C…
January 30, 2020

West to Host Fourth-Quarter and Full-Year 2019 Conference Call

West to Host Fourth-Quarter and Full-Year 2019 Conference Call Content Import Thu, 01/30/2020 - 06:00 West to Host Fourth-Quarter and Full-Year 2019 Conference Call Jan 30, 2020 This release is a backfill from a News Wire General EX…
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 West Pharmaceutical Services Frequently Asked Questions

  • When was West Pharmaceutical Services founded?

    West Pharmaceutical Services was founded in 1923.

  • Who are West Pharmaceutical Services key executives?

    West Pharmaceutical Services's key executives are Mark A. Buthman, Eric M. Green and Silji Abraham.

  • How many employees does West Pharmaceutical Services have?

    West Pharmaceutical Services has 8,200 employees.

  • What is West Pharmaceutical Services revenue?

    Latest West Pharmaceutical Services annual revenue is $1.8 b.

  • What is West Pharmaceutical Services revenue per employee?

    Latest West Pharmaceutical Services revenue per employee is $224.4 k.

  • Who are West Pharmaceutical Services competitors?

    Competitors of West Pharmaceutical Services include Nabriva Therapeutics, Chiasma and Fate Therapeutics.

  • Where is West Pharmaceutical Services headquarters?

    West Pharmaceutical Services headquarters is located at 530 Herman O. W Dr, Exton.

  • Where are West Pharmaceutical Services offices?

    West Pharmaceutical Services has offices in Exton, Grand Rapids, Jersey Shore, Kearney and in 22 other locations.

  • How many offices does West Pharmaceutical Services have?

    West Pharmaceutical Services has 30 offices.