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MarketScreener Homepage  >  Equities  >  Nyse  >  Catalent Inc    CTLT

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2017CATALENT INC : annual earnings release
2016CATALENT INC : annual earnings release
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Catalent : to double biomanufacturing capacity with $200m investment

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01/12/2019 | 03:39am EST

Catalent will use the funds to enlarge drug substance manufacturing and drug product fill/finish capacity.

The $200m (173m) investment will take place at Catalents biologics manufacturing sites in Madison, Wisconsin, and Bloomington, Indiana. The decision follows the expansion of its biologics packaging capacity, at the latter site.

The improvement upon current capacity in drug substance manufacturing and fill/finish will take place over three years.

It will see mammalian cell culture capacity increased with two new suites, each housing a two 2,000 litre single-use bioreactor system. Fill/finish capacity will be increased by an expanded Bloomington site, which will grow by 79,000-sq-ft to accommodate a high-speed flexible vial line operating at 300 units per minute.

Brian Riley, VP of operations, biologics and specialty drug delivery at Catalent, told us that the expansion is required to meet increasing demand in the late-stage clinical and commercial supply phases.

The Bloomington facility recently achieved regulatory approval for a twentieth commercial product, so part of the expansion at both sites is necessary to fulfil increasing demand from existing customers programs, but the expansion is also in anticipation of new business too, Riley explained.

The upgrade to both facilities will also add new staff members over the coming years. Riley could not specify a precise number but said, we anticipate adding over 100 new roles in Madison, and up to 200 new jobs in Bloomington by the end of 2024.

Catalent acquired the Bloomington facility as part of its $950m takeover of Cook Pharmica in 2017. Subsequently, the company revealed that it would be looking to the site, with it operating at 45% of its capacity upon acquisition.

(c) 2003-2019 SudanTribune - All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 2 510 M
EBIT 2019 388 M
Net income 2019 148 M
Debt 2019 1 729 M
Yield 2019 -
P/E ratio 2019 36,29
P/E ratio 2020 25,49
EV / Sales 2019 2,69x
EV / Sales 2020 2,48x
Capitalization 5 034 M
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Technical analysis trends CATALENT INC
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 43,9 $
Spread / Average Target 27%
EPS Revisions
John R. Chiminski Chairman, President & Chief Executive Officer
Alessandro Maselli Senior Vice President-Global Operations
Wetteny Joseph CFO, Principal Accounting Officer & Senior VP
Jack L. Stahl Lead Independent Director
Rolf Allan Classon Independent Director
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