West Pharmaceutical Services Reports Third‑Quarter 2025 Results

WST
October 23, 2025

West Pharmaceutical Services, Inc. (NYSE: WST) reported third‑quarter 2025 results on October 23, 2025, posting net sales of $804.6 million, a 7.7% year‑over‑year increase and 5.0% organic growth. Adjusted earnings per share were $1.96, up from $1.85 in the same quarter last year, while diluted EPS rose to $1.92. The company’s operating cash flow reached $503.7 million, an 8.7% rise, and free cash flow climbed to $293.9 million, a 53.7% increase.

Proprietary Products generated $647.5 million in net sales, up 7.7% YoY and 5.1% organically, while Contract‑Manufactured Products delivered $157.1 million, an 8.0% YoY increase and 4.9% organic growth. Segment gross profit margins improved modestly, with Proprietary Products at 37.3% and Contract‑Manufactured at 16.1%. The company repurchased 552,593 shares for $134.0 million during the first nine months of 2025, underscoring its commitment to shareholder value.

Capital expenditures for the quarter were $209.8 million, down 22.9% from the same period last year, reflecting a focus on efficiency. Management raised full‑year 2025 guidance, projecting net sales of $3.06 billion to $3.07 billion and adjusted diluted EPS of $6.15 to $6.35. The company also issued a fourth‑quarter guidance range of $790 million to $800 million in net sales and $1.81 to $1.86 in adjusted EPS, signaling continued strength in its high‑value product portfolio.

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