Eli Lilly and Company
LLY
$1 010.31 -0.41%
Exchange: NYSE | Sector: Healthcare | Industry: Drug Manufacturers General
Q4 2023
Published: Feb 21, 2024

Earnings Highlights

  • Revenue of $9.35B up 28.1% year-over-year
  • EPS of $2.31 increased by 13.2% from previous year
  • Gross margin of 82.3%
  • Net income of 2.19B
  • ""We continue to invest in quality, the reliability and the resilience of our company's manufacturing infrastructure, and most importantly, delivered new life-saving and life-changing medicines to more patients.", - David Ricks" - David Ricks
LLY
Eli Lilly and Company

Executive Summary

In Q4 2023, Eli Lilly and Company (LLY) demonstrated robust financial performance, achieving a remarkable 28% year-over-year revenue growth, surpassing $9.35 billion in sales. This surge was primarily fueled by the increasing momentum of their newly launched products, notably Mounjaro, Verzenio, and Zepbound. The company's strategic advancements, including the FDA approvals for innovative therapies and substantial investments in manufacturing, underscore their commitment to delivering life-changing medicines to patients. Management provided optimistic guidance for 2024, forecasting continued revenue growth driven by the expanding portfolio while addressing supply constraints regarding existing blockbuster products. With a focus on external innovation through collaborations and acquisitions, Eli Lilly is positioned for sustained growth despite facing competitive pressures in the healthcare sector.

Key Performance Indicators

Revenue
Increasing
9.35B
QoQ: -1.53% | YoY: 28.10%
Gross Profit
Increasing
7.69B
82.30% margin
QoQ: 0.73% | YoY: 33.73%
Operating Income
Increasing
3.08B
QoQ: 583.41% | YoY: 67.62%
Net Income
Increasing
2.19B
QoQ: 3 914.81% | YoY: 13.01%
EPS
Increasing
2.31
QoQ: 3 720.69% | YoY: 13.24%

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