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10-Q - Viatris Inc (0001792044) (Filer)

Thu, May 8, 1:23 PM (8 days ago)

**Viatris Inc. (VTRS) Q1 2025 Financial Performance Summary:** **Revenue & Profit Margins:** - **Total Revenues:** $3.25 billion, down 11% YoY. - **Gross Profit:** $1.16 billion, with a 36% margin. - **Operating Loss:** $(2.88) billion, a significant decline. - **Net Loss:** $(3.04) billion, a substantial decrease. - **EPS:** $(2.55), a notable drop. **Cash Flow:** - **Operating Cash Flow:** $535.5 million, down from $614.6 million. - **Investing Cash Flow:** $(65.1) million, an improvement from $(154.3) million. - **Financing Cash Flow:** $(467.0) million, an increase in outflows. **Quarterly Performance Discussion:** - **Revenue Decline:** Driven by divestitures and the Indore Impact. - **Gross Margin:** Affected by divestitures and operational challenges. - **Operating Loss:** Significant due to goodwill impairment and other charges. - **Cash Flow:** Impacted by operational performance and strategic investments. **Trends & Uncertainties:** - **Goodwill Impairment:** $2.94 billion charge due to market conditions. - **Indore Impact:** Negative revenue impact of approximately $500 million. - **Strategic Initiatives:** Ongoing divestitures and acquisitions. **Future Operations Impact:** - **Divestitures:** Continued impact on financials. - **Acquisitions:** Potential for growth and integration challenges. - **Market Conditions:** Uncertainty in geopolitical and economic environments. **Summary:** Viatris faced significant challenges in Q1 2025, with notable declines in revenue and profitability. The company's strategic initiatives, including divestitures and acquisitions, along with market uncertainties, continue to impact its financial performance. The goodwill impairment and Indore Impact are key factors affecting the current and future outlook.