OverviewSuggest Edit

West Pharmaceutical Services is a company that manufactures and sells packaging components and delivery systems for injectable drugs and healthcare products internationally. Its 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 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. The company distributes products through its sales force and distribution network, as well as contract sales agents and regional distributors.
TypePublic
Founded1923
HQExton, PA, US
Websitewestpharma.com
Employee Ratings3.5
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)9,200(+13%)
Job Openings418
Revenue (FY, 2020)$2.1 B(+17%)
Share Price (Sept 2021)$461.2(-1%)
Cybersecurity ratingBMore

Key People/Management at West Pharmaceutical Services

Silji Abraham

Silji Abraham

Senior Vice President & Chief Technology Officer
Bernard J. Birkett

Bernard J. Birkett

Senior Vice President & Chief Financial Officer
Annette F. Favorite

Annette F. Favorite

Senior Vice President & Chief Human Resources Officer
Quintin Lai

Quintin Lai

Vice President Corporate Development, Strategy & Investor Relations
Kimberly Banks MacKay

Kimberly Banks MacKay

Senior Vice President, General Counsel & Secretary
David A. Montecalvo

David A. Montecalvo

Senior Vice President, Chief Operations and Supply Chain Officer
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West Pharmaceutical Services Office Locations

West Pharmaceutical Services has offices in Exton, Grand Rapids, Jersey Shore, Kearney and in 34 other locations
Exton, PA, US (HQ)
530 Herman O. W Dr
Grand Rapids, MI, US
3116 N Wilson Ct NW
Jersey Shore, PA, US
347 Oliver St
Kearney, NE, US
923 N Railroad St
Kinston, NC, US
1028 Innovation Way
Scottsdale, AZ, US
14677 N 74th St
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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 $2.15 b in FY, 2020 which is a 16.7% increase from the previous period.
USD

Revenue (Q2, 2021)

723.6m

Gross profit (Q2, 2021)

315.1m

Gross profit margin (Q2, 2021), %

43.5%

Net income (Q2, 2021)

187.3m

EBIT (Q2, 2021)

211.3m

Market capitalization (9-Sept-2021)

34.1b

Closing stock price (9-Sept-2021)

461.2

Cash (30-Jun-2021)

576.2m

EV

33.8b
West Pharmaceutical Services's current market capitalization is $34.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.7b1.8b2.1b

Revenue growth, %

7%17%

Cost of goods sold

1.2b1.2b1.4b

Gross profit

545.4m605.7m767.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

443.5m469.7m456.1m491.5m527.2m548.0m670.7m723.6m

Cost of goods sold

296.7m311.8m308.3m324.5m332.1m353.4m398.8m408.5m

Gross profit

146.8m157.9m147.8m167.0m195.1m194.6m271.9m315.1m

Gross profit Margin, %

33%34%32%34%37%36%41%44%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

337.4m439.1m615.5m

Accounts Receivable

288.2m319.3m385.3m

Inventories

214.5m235.7m321.3m

Current Assets

894.4m1.1b1.4b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

206.9m241.7m346.2m

Depreciation and Amortization

104.4m103.4m109.1m

Inventories

(7.0m)(18.6m)(73.7m)

Accounts Payable

400.0k25.3m36.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

55.4m121.5m177.8m74.3m165.5m247.8m151.2m338.5m

Depreciation and Amortization

25.5m51.8m77.1m26.0m52.4m80.6m29.1m57.9m

Cash From Operating Activities

47.6m152.7m260.8m57.1m205.2m323.8m88.7m233.1m

Purchases of PP&E

(28.8m)(57.1m)(88.8m)(32.1m)(69.2m)(116.7m)(54.7m)(111.6m)
USDFY, 2018

EV/EBIT

29.6 x

EV/CFO

24.7 x

Revenue/Employee

223.0k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x

P/E Ratio

35.8
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West Pharmaceutical Services Operating Metrics

FY, 2018FY, 2019FY, 2020

Customers (Healthcare)

1.9 k2 k

Locations

50

Manufacturing Sites

252325

Patents Issued

120154290
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West Pharmaceutical Services Acquisitions / Subsidiaries

Company NameDateDeal Size
Drug Delivery Assets From Plastef Investissements SAJuly 07, 2019
Medimop Medical Projects, Ltd.August 02, 2005
The Tech Group, Inc.May 24, 2005
Tech Group Europe Limited (dba West)
Tech Group Grand Rapids, Inc. (dba West)
TGPR Holdings Limited
WD SG Pte. Ltd.
West Analytical Services, LLC
West Contract Manufacturing, LLC
West Pharmaceutical Packaging (China) Company Ltd.
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West Pharmaceutical Services Revenue Breakdown

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West Pharmaceutical Services revenue breakdown by business segment: 23.2% from Contract-Manufactured Products and 76.8% from Proprietary Products

West Pharmaceutical Services revenue breakdown by geographic segment: 45.4% from United States, 10.5% from Ireland, 13.1% from Germany, 8.0% from France, 11.0% from Other European countries and 11.8% from Other

Human Capital Metrics

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West Pharmaceutical Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

West Pharmaceutical Services Online and Social Media Presence

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West Pharmaceutical Services Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    F

    50/100

  • Compensation

    D

    54/100

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West Pharmaceutical Services News and Updates

West Pharmaceutical Commits $18M to Expand Manufacturing Site

West Pharmaceutical Commits $18M to Expand Manufacturing Site

West Pharmaceutical in Lycoming County set for expansion , will create 200 new area jobs

West Pharmaceutical in Lycoming County set for expansion , will create 200 new area jobs

West Pharmaceuticals expanding

Gov. Tom Wolf announced Wednesday that West Pharmaceutical Services Inc., a global manufacturer in design and production of delivery systems for injectable medicines, will expand and modernize its Williamsport manufacturing plant, investing over $18 million into the expansion.

Pharmaceutics International, Inc. (Pii) to Platform West Pharmaceutical Services, Inc.’s Daikyo Crystal Zenith® Container-Closure Components for Aseptic Fill-Finish

Hunt Valley, MD, Aug. 03, 2021 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Pharmaceutics International, Inc. (Pii)

West Pharmaceutical Services (WST) Q2 2021 Earnings Call Transcript

WST earnings call for the period ending June 30, 2021.

West Announces Second-Quarter 2021 Results

West Pharmaceutical Services, Inc. (NYSE: WST) today announced its financial results for the second-quarter 2021 and updated full-year 2021 financial guidance.
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West Pharmaceutical Services Blogs

Molly E. Joseph

Molly E. Joseph Jessie.Mijeno@… Mon, 08/23/2021 - 14:41 Molly E. Joseph Advisor and Former Chief Executive Officer, UnitedHealthcare Global Age 47 Director since 2021 Ms. Joseph is the former Chief Executive Officer of UnitedHealthcare G…

West Announces Second-Quarter 2021 Results

- Conference Call Scheduled for 9 a.m. EDT Today - EXTON, Pa. , July 29, 2021 /PRNewswire/ --  West Pharmaceutical Services, Inc. (NYSE: WST) today announced its financial results for the second-quarter 2021 and updated full-year 2021 financial guidance.

West to Host Second-Quarter 2021 Conference Call

EXTON, Pa. , July 15, 2021 /PRNewswire/ --   West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced that it will release second-quarter 2021 financial results before the market opens on Thursday, July 29, 2021 ,

Q2 2021 West Pharmaceutical Services Earnings Conference Call

Q2 2021 West Pharmaceutical Services Earnings Conference Call James.Jordan@n… Tue, 06/29/2021 - 16:42 Q2 2021 West Pharmaceutical Services Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call …

West Announces First-Quarter 2021 Results

West Announces First-Quarter 2021 Results Content Import Thu, 04/29/2021 - 06:01 West Announces First-Quarter 2021 Results Apr 29, 2021 This release is a backfill from a News Wire Earnings - Conference Call Scheduled for 9 a.m. EDT T…

West to Host First-Quarter 2021 Conference Call

West to Host First-Quarter 2021 Conference Call Content Import Thu, 04/15/2021 - 06:01 West to Host First-Quarter 2021 Conference Call Apr 15, 2021 This release is a backfill from a News Wire General EXTON, Pa., April 15, 2021 /PRNe…
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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 Silji Abraham, Bernard J. Birkett and Annette F. Favorite.

  • How many employees does West Pharmaceutical Services have?

    West Pharmaceutical Services has 9,200 employees.

  • What is West Pharmaceutical Services revenue?

    Latest West Pharmaceutical Services annual revenue is $2.1 b.

  • What is West Pharmaceutical Services revenue per employee?

    Latest West Pharmaceutical Services revenue per employee is $233.4 k.

  • Who are West Pharmaceutical Services competitors?

    Competitors of West Pharmaceutical Services include Rondo, Nipro Corporation and O-I Glass.

  • 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 34 other locations.

  • How many offices does West Pharmaceutical Services have?

    West Pharmaceutical Services has 43 offices.