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Regeneron Pharmaceuticals logoRegeneron Pharmaceuticals REGN

Regeneron said total revenues for Q4 2023 rose 1% year over year to $3,434 million, and full-year total revenues rose 8% to $13,117 million. Excluding Ronapreve, revenues for Q4 rose 14%, and full-year revenues rose 12%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Regeneron said total revenues for Q4 2023 rose 1% year over year to $3,434 million, and full-year total revenues rose 8% to $13,117 million. Excluding Ronapreve, revenues for Q4 rose 14%, and full-year revenues rose 12%.

  2. The company said GAAP diluted earnings per share for Q4 2023 were $10.19 (versus $10.50 a year earlier), and full-year GAAP diluted EPS were $34.77 (versus $38.22). Non-GAAP diluted EPS for Q4 were $11.86, and full-year non-GAAP diluted EPS were $43.79.

  3. The company said combined U.S. net sales of EYLEA HD and EYLEA for Q4 2023 were $1,461 million, down 2% from a year earlier, and full-year combined U.S. net sales were $5,886 million, down 6%. EYLEA HD net sales were $123 million for Q4 and $166 million for the full year.

  4. Regeneron said it recorded $2.215 billion for share repurchases in 2023 as Treasury Stock, and that $1.5 billion remained available under its share repurchase program as of December 31, 2023. The company's GAAP R&D guidance for 2024 is $4.820 to $5.070 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 and Full-Year Revenue

Regeneron said total revenues for Q4 2023 rose 1% year over year to $3,434 million, and full-year total revenues rose 8% to $13,117 million. Excluding Ronapreve, revenues for Q4 rose 14%, and full-year revenues rose 12%.

Source · Based on the filing body and exhibits

GAAP and Non-GAAP Diluted EPS Changes

The company said GAAP diluted earnings per share for Q4 2023 were $10.19 (versus $10.50 a year earlier), and full-year GAAP diluted EPS were $34.77 (versus $38.22). Non-GAAP diluted EPS for Q4 were $11.86, and full-year non-GAAP diluted EPS were $43.79.

Source · Based on the filing body and exhibits

U.S. Net Sales of EYLEA and EYLEA HD

The company said combined U.S. net sales of EYLEA HD and EYLEA for Q4 2023 were $1,461 million, down 2% from a year earlier, and full-year combined U.S. net sales were $5,886 million, down 6%. EYLEA HD net sales were $123 million for Q4 and $166 million for the full year.

Source · Based on the filing body and exhibits

Full-Year Buybacks and 2024 R&D Guidance

Regeneron said it recorded $2.215 billion for share repurchases in 2023 as Treasury Stock, and that $1.5 billion remained available under its share repurchase program as of December 31, 2023. The company's GAAP R&D guidance for 2024 is $4.820 to $5.070 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.