West Pharmaceutical Services, Inc. Company Profile

West Pharmaceutical Services, Inc.

Pharmaceutical

Establishment Year
1954
Headquarters
The US
Key Management
Mr. Eric M. Green (President & CEO)
Revenue (US$ Mn)
~2,831 (2021)
Headcount
~8,200 (2021)
Website
www.westpharma.com

Business Description

West Pharmaceutical Services, Incorporates markets and manufactures vaccinations, pharmaceuticals, and other healthcare products. Herman O. founded the company. West founded the company on July 27, 1923. It is located in Exton, PA. This operates in the given business segments: Contract-Manufactured products and Proprietary Products. The Contract Manufactured Products segment is fully integrated, which focuses on the design, manufacture, & automated assembly of complex devices, primarily for diagnostic, pharmaceutical, and medical device customers. The Proprietary Products division offers custom packaging, containment, and drug delivery products. This also provides analytical lab services to customers interested in generic, biological, and pharmaceutical drugs.

Key Financials

Revenue (US$ Mn)

US$ 2,831 Mn was the annual revenue generated by West Pharmaceutical Services, Inc. in 2021
West Pharmaceutical Services, Inc.’s annual revenue for 2020 was US$ 2,147 Mn, a 16.68% increase from 2019
From 2018’s annual revenues, West Pharmaceutical Services, Inc. registered a 7.16% increase in 2019, amounting to US$ 1,840 Mn
Total revenue of US$ 1,717 Mn was generated in 2018 by West Pharmaceutical Services, Inc.

Operating Income (US$ Mn)

West Pharmaceutical Services, Inc.’s operating income for 2021 was US$ 760 Mn, an 81.82% increase from 2020
The operating income generated by West Pharmaceutical Services, Inc. in 2020 was US$ 418 Mn
At a 23.55% increase from , West Pharmaceutical Services, Inc.’s operating income of US$ 299 Mn was indexed in 2019
West Pharmaceutical Services, Inc. generated an operating income of US$ 242 Mn in 2018

Net Income (US$ Mn)

West Pharmaceutical Services, Inc.’s net income for 2021 was US$ 661 Mn, a 91.04% increase from 2020
The net income generated by West Pharmaceutical Services, Inc. in 2020 was US$ 346 Mn
At a 16.43% increase from , West Pharmaceutical Services, Inc.’s net income of US$ 241 Mn was indexed in 2019
West Pharmaceutical Services, Inc. generated a net income of US$ 207 Mn in 2018

Operating Margin %

27% was the operating margin generated by West Pharmaceutical Services, Inc. in 2021
West Pharmaceutical Services, Inc.’s operating margin for 2020 was 20%, a 20.37% increase from 2019
From 2018’s operating margins, West Pharmaceutical Services, Inc. registered a 14.89% increase in 2019, amounting to 16%
An operating margin of 14% was generated in 2018 by West Pharmaceutical Services, Inc.

Gross Margin %

West Pharmaceutical Services, Inc.’s gross margin for 2021 was 42%, a 15.92% increase from 2020
The gross margin generated by West Pharmaceutical Services, Inc. in 2020 was 36%
At a 3.46% increase from , West Pharmaceutical Services, Inc.’s gross margin of 33% was indexed in 2019
West Pharmaceutical Services, Inc. generated a gross margin of 32% in 2018