Type
|
Public company |
---|---|
Traded as | NYSE: CTLT S&P 400 Component |
Industry | Pharmaceutical Biotechnology |
Predecessor | Cardinal Health PTS |
Founded | 2007 |
Headquarters | Somerset, New Jersey, USA |
Number of locations
|
33 |
Key people
|
John Chiminski (President, CEO), Matthew Walsh (Executive Vice President, CFO) |
Services | Drug pre-formulation, formulation, analytical testing, clinical and commercial manufacturing, clinical packaging and supply chain solutions, regulatory consulting |
Revenue | US$1.83 billion (2014) |
Operating income
|
US $374.4 million (2014) |
Net income
|
US $142.4 million (2014) |
Number of employees
|
8,300 (2014) |
Website | www |
Catalent, Inc. (Catalent Pharma Solutions) is a global provider of drug delivery technology and development solutions for drugs, biologics and consumer health products. Headquartered in Somerset, New Jersey, Catalent operates 33 locations across five continents, producing more than 70 billion doses annually for nearly 7,000 customer products.
Originally created through a series of acquisitions by Cardinal Health Inc., Catalent became independent in 2007. Catalent promotes its ability to increase customers' speed to market and its participation in nearly half of new drug entities approved by the Food and Drug Administration in the last decade. The company currently holds approximately 1,300 patents and patent applications and continues to expand its offerings through investments in emerging technologies. In its fiscal year 2014 (ending June 30), Catalent’s customers included 83 of the top 100 branded drug marketers, 20 of the top 25 generics marketers, 38 of the top 50 biologics marketers, and 19 of the top 20 consumer health marketers globally. On July 31, 2014, Catalent became a public company and is listed on the New York Stock Exchange (NYSE: CTLT).
In 1996, Cardinal Health acquired PCI (Headquarters: Philadelphia, Pennsylvania). PCI (Packaging Coordinators Inc.) is a pharmaceutical contract packing service for commercial and clinical packaging. In 1998, Cardinal Health acquired R.P. Scherer Corporation (Headquarters: Troy, Michigan). Robert Pauli Scherer founded the R.P. Scherer Corporation to commercialize his innovation of softgel encapsulation using the rotary die production process. In 1999, Cardinal Health acquired Automatic Liquid Packaging, Inc. (Headquarters: Woodstock, Ill.), whose Blow-Fill-Seal Technology allowed Cardinal to enter the sterile product market. Cardinal Health also acquired International Processing Corporation (Headquarters: Winchester, Kentucky) for its advanced controlled drug release and coating manufacturing expertise.
In 2002, Cardinal Health acquired Magellan Laboratories Inc., a company that specialized in product development expertise. In 2003, Cardinal Health acquired Gala Biotech (Headquarters: Madison, Wisconsin). Gala Biotech had established technologies surrounding gene insertion and the production of pharmaceutical proteins, which became GPEx® Technology. In the same year, Cardinal Health also acquired Intercare Group PLC, broadening its global capabilities in Europe. In 2004-2006, Cardinal Health further expanded its reach in biotechnology and pharmaceutical markets through multiple other acquisitions.
In 2007, the Pharmaceutical Technologies and Services segment of Cardinal Health was purchased by Blackstone Group and re-branded as Catalent Pharma Solutions.
In 2011, the Company acquired the molecular optimization platform OptiForm®, from GlaxoSmithKline. In 2012, Catalent acquired Aptuit, a clinical supply solutions company. As part of the deal, Catalent gained three sites in the United States, two sites in the United Kingdom and one in Singapore. Catalent also acquired all remaining shares for the R.P Scherer site in Eberbach, Germany. In 2013, Catalent Pharmaceutical Solutions continued the global expansion of its Softgel capabilities through a joint venture with Zhejiang Jaing Yuan Tang Biotechnology Co., a China-based company, and Relthy Laboratories in Brazil. Also in 2013, Catalent created a new business unit, Advanced Delivery Technologies which focuses on innovative and proven drug delivery technologies, optimizing the company’s multiple technologies, cross-platform R&D solutions and global commercial manufacturing network. This is the current structure of Catalent’s business which includes softgel technologies, advanced delivery technologies and development & clinical services business units.
Catalent announced its initial public offering on July 30, 2014. After raising more than $870 million, Catalent became a publicly traded company on the New York Stock Exchange (NYSE). The company priced its 42.5 million shares of common stock at $20.50 apiece, with a market capitalization of $2.4 billion. The shares began trading on the NYSE on July 31, 2014, under the ticker symbol CTLT, and the offering closed on August 1, 2014. The proceeds of the offering went to the redemption of more than $800 million of Catalent’s outstanding debt. “This will allow the company to significantly reduce its interest expense, enable future potential internal and external growth strategies, and to continue our growth-biased investments into new technologies, capabilities, global development and manufacturing facilities and capacity,” a company statement reported.
In September 2016, the company acquired the contract drug development and clinical manufacturing company, which specializes in early stage development and spray drying: Pharmatek Laboratories.
In November 2016, the company agreed to acquire Canadian based Accucaps Industries. Both the Strathroy, ON and Windsor, ON locations will become the 12th and 13th Softgel Technology Facilities under the Catalent name.
Catalent's brand currently owns and operates the following drug delivery technologies:
Predevelopment Technologies
Oral Drug Delivery Technologies
Sterile Technologies
Biologics
Catalent has designated the following locations as a "Center of Excellence" with the following specializations:
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q1 2023 | 2022-10-31 | Future report Set alerts | |
Q4 2022 | 2022-08-29 | 1.19 | 1.19 |
Q3 2022 | 2022-05-03 | 1.04 | 1.04 |
Q2 2022 | 2022-02-01 | 0.90 | 0.90 |
Q1 2022 | 2021-11-02 | 0.71 | 0.71 |
Q4 2021 | 2021-08-30 | 1.16 | 1.16 |
Q3 2021 | 2021-05-04 | 0.82 | 0.82 |
Q2 2021 | 2021-02-02 | 0.63 | 0.63 |
Q1 2021 | 2020-11-03 | 0.00 | 0.00 |
Q4 2020 | 2020-08-31 | 0.90 | 0.85 |
2016-06-21 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-06-21 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2016-06-20 | Upgrade | Bank of America | Neutral to Buy | |
2016-06-20 | Upgrade | Bank of America Corp. | Neutral to Buy | |
2016-05-05 | Downgrade | Bank of America | Buy to Neutral | |
2016-05-05 | Downgrade | William Blair | Outperform to Market Perform | |
2016-04-21 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $30.00 |
2016-02-11 | Reiterated Rating | Bank of America | Buy | $31.00 to $28.00 |
2016-02-10 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $32.00 to $28.00 |
2016-02-10 | Lower Price Target | Jefferies Group | Hold | $29.00 to $22.00 |
2016-02-10 | Lower Price Target | Deutsche Bank | Hold | $31.00 to $24.00 |
2016-02-10 | Reiterated Rating | Piper Jaffray | Outperform | $30.50 to $29.00 |
2016-02-10 | Lower Price Target | Deutsche Bank AG | Hold | $31.00 to $24.00 |
2016-02-10 | Reiterated Rating | Piper Jaffray Cos. | Outperform | $30.50 to $29.00 |
2015-12-28 | Downgrade | Wells Fargo | Outperform to Hold | |
2015-12-22 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2015-12-09 | Downgrade | Raymond James | Outperform to Market Perform | |
2015-12-09 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2015-11-04 | Lower Price Target | Deutsche Bank | Hold | $33.00 to $31.00 |
2015-11-04 | Lower Price Target | Piper Jaffray | $32.00 to $30.50 | |
2015-09-10 | Reiterated Rating | Deutsche Bank | Hold | $33.00 |
2015-09-10 | Downgrade | Jefferies Group | Buy to Hold | $32.00 to $29.00 |
2015-09-06 | Reiterated Rating | William Blair | Buy | |
2015-09-03 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $35.00 to $36.00 |
2015-09-03 | Reiterated Rating | Bank of America | Buy | $35.00 to $36.00 |
2015-05-09 | Reiterated Rating | Raymond James | Outperform | $31.00 to $33.00 |
2015-02-18 | Boost Price Target | Jefferies Group | Buy | $28.50 to $32.00 |
2015-02-12 | Boost Price Target | Deutsche Bank | Hold | $26.00 to $33.00 |
2015-01-06 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $28.00 to $32.00 |
2014-11-14 | Reiterated Rating | Jefferies Group | Buy | $26.50 to $28.50 |
2014-11-14 | Reiterated Rating | Deutsche Bank | Hold | $25.00 to $26.00 |
2014-11-14 | Boost Price Target | Bank of America | Buy | $26.00 to $28.00 |
2014-09-09 | Initiated Coverage | William Blair | Outperform | |
2014-09-09 | Initiated Coverage | Morgan Stanley | Overweight | $27.00 |
2014-09-09 | Initiated Coverage | Wells Fargo & Co. | Outperform | |
2014-09-09 | Initiated Coverage | Raymond James | Outperform | $27.00 |
2014-09-09 | Initiated Coverage | Goldman Sachs | Neutral | |
2014-09-09 | Initiated Coverage | Bank of America | Buy | $26.00 |
2014-09-09 | Initiated Coverage | Piper Jaffray | Overweight | $28.00 |
2014-09-09 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $28.00 |
2014-09-09 | Initiated Coverage | Deutsche Bank | Hold | $25.00 |
2014-09-09 | Initiated Coverage | Jefferies Group | Buy | $26.50 |
2014-09-09 | Initiated Coverage | Wells Fargo | Outperform | |
2014-09-09 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral |
2016-06-21 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-06-21 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2016-06-20 | Upgrade | Bank of America | Neutral to Buy | |
2016-06-20 | Upgrade | Bank of America Corp. | Neutral to Buy | |
2016-05-05 | Downgrade | Bank of America | Buy to Neutral |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CTLT 360 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 19.22M |
BlackRock Inc. | 16.09M |
Capital World Investors | 11.41M |
BlackRock Fund Advisors | 7.17M |
STATE STREET CORP | 7.13M |
Veritas Asset Management LLP | 6.96M |
HENDERSON GROUP PLC | 6.81M |
JANUS CAPITAL MANAGEMENT LLC | 6.32M |
Artisan Partners Limited Partnership | 5.87M |
FRANKLIN RESOURCES INC | 5.67M |
JPMORGAN CHASE & CO | 4.41M |
LEONARD GREEN PARTNERS LP | 4.34M |
BlackRock Institutional Trust Company, N.A. | 3.60M |
GEODE CAPITAL MANAGEMENT, LLC | 3.51M |
AMERICAN CENTURY COMPANIES INC | 3.09M |