Eli Lilly and Company
LLY
$1 010.31 -0.41%
Exchange: NYSE | Sector: Healthcare | Industry: Drug Manufacturers General
Q1 2024
Published: Apr 30, 2024

Earnings Highlights

  • Revenue of $8.77B up 26% year-over-year
  • EPS of $2.48 increased by 67.1% from previous year
  • Gross margin of 82.5%
  • Net income of 2.24B
  • "David Ricks, CEO: "Our focus is to bring innovative medicines to people in need and we’re investing in our pipeline and manufacturing expansion to support this goal."" - David Ricks
LLY
Eli Lilly and Company

Executive Summary

In Q1 2024, Eli Lilly reported a remarkable revenue growth of 26%, reaching $8.77 billion, predominantly driven by strong sales from its newly launched products Mounjaro and Zepbound. The quarter also saw significant operational achievements including key pipeline advancements, such as the Phase III success of tirzepatide for obstructive sleep apnea, alongside a promising capital strategy focused on expanding manufacturing capabilities. The company's net income increased to $2.24 billion, reflecting a robust earnings per share of $2.58, underscoring management's confidence in sustaining growth momentum throughout the year amid rising demands for incretin therapies and a strategic focus on innovative drug development.

Key Performance Indicators

Revenue
Increasing
8.77B
QoQ: -6.26% | YoY: 25.98%
Gross Profit
Increasing
7.23B
82.50% margin
QoQ: -5.99% | YoY: 35.63%
Operating Income
Increasing
2.62B
QoQ: -14.90% | YoY: 75.33%
Net Income
Increasing
2.24B
QoQ: 2.43% | YoY: 66.77%
EPS
Increasing
2.49
QoQ: 7.79% | YoY: 67.11%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 13,532.80 4.88 +44.7% View
Q3 2024 11,439.10 1.07 +20.4% View
Q2 2024 11,302.80 3.28 +36.0% View
Q1 2024 8,768.00 2.48 +26.0% View
Q4 2023 9,353.40 2.31 +28.1% View