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What happened, with direct paths to the underlying reporting
- Repligen reported Q1 EPS of 28 cents, missing estimates, with revenues down 17.2%. - Base business revenues declined 9.4%, but chromatography franchise saw slight improvement. - Repligen expects revenues of $620-$650 million for 2024, with adjusted EPS of $1.42-$1.49. - Guidance includes adjusted gross margin of 49%-50% and adjusted operating margin of 13%-14%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Repligen reported Q1 EPS of 28 cents, missing estimates, with revenues down 17.2%.
- Base business revenues declined 9.4%, but chromatography franchise saw slight improvement.
- Repligen expects revenues of $620-$650 million for 2024, with adjusted EPS of $1.42-$1.49.
- Guidance includes adjusted gross margin of 49%-50% and adjusted operating margin of 13%-14%.
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