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Emergent BioSolutions Inc
F:ER4

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Emergent BioSolutions Inc Logo
Emergent BioSolutions Inc
F:ER4
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Price: 6.25 EUR -0.56% Market Closed
Market Cap: €327.5m

Emergent BioSolutions Inc
Investor Relations

Emergent BioSolutions makes medical countermeasures and specialty products for public health, defense, and emergency response customers. Its core business includes vaccines, antibody-based products, and drug products used to treat or prevent serious biological and chemical threats, as well as devices and services tied to those products. It also sells certain products used in other medical settings, but the company is best known for supplying governments and health agencies that need hard-to-build defenses against rare but high-risk threats. The company earns money by developing these products itself, manufacturing them, and selling them under government contracts, commercial agreements, and product supply arrangements. A large part of its business comes from serving the U.S. government and other public-sector buyers that stockpile or deploy these medical countermeasures for national security and emergency preparedness. It also makes money from sales of some branded and licensed products in the broader healthcare market. What makes Emergent different is its role as a specialized supplier in a niche part of healthcare where reliability, regulatory know-how, and secure manufacturing matter more than broad consumer reach. Instead of selling everyday drugs to mass-market patients, it focuses on products that must be developed, approved, stored, and delivered for crisis situations. That makes it a company tied closely to government preparedness and public health infrastructure rather than a typical pharmaceutical maker.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Beat: Emergent reported first-quarter revenue of $156 million, above the top end of guidance, and adjusted EBITDA of $36 million, also above internal expectations.

Outlook: Full-year revenue guidance was maintained at $720 million to $760 million, while adjusted EBITDA guidance was updated to $155 million to $175 million to reflect a change in how stock compensation is added back.

NARCAN: Management said the naloxone franchise should stay flat to slightly up for the year, supported by new product line extensions, seasonality, and continued demand in the U.S. and Canada.

International growth: The company highlighted stronger international MCM demand, with international sales making up 37% of MCM revenue in the quarter and carrying higher margins than U.S. business.

Balance sheet: Emergent said it reduced net debt by about 22% year over year, refinanced its term loan in April, and ended the quarter with $260 million of total liquidity.

Strategic push: Management framed 2026 as a pivotal year for the turnaround, with more investment in internal R&D, international expansion, and external product partnerships such as Substipharm and SAB Biotherapeutics.

Key Financials
Revenue
$156 million
Adjusted EBITDA
$36 million
Adjusted EBITDA margin
23%
Adjusted gross margin
52%
Operating expenses
$57 million
R&D spend
down about 1/3 year over year
Cash balance
$160 million
Total liquidity
$260 million
Net debt
reduced by $122 million
Net leverage ratio
2.4x adjusted EBITDA
International MCM revenue mix
37% of total MCM revenue
Debt repayment
$110 million
Share repurchases
$9 million
Remaining repurchase capacity
$46.5 million
Term loan refinancing
2031 maturity
Delayed draw term loan facility
$75 million
Revolver
$50 million
Q1 revenue guidance
$135 million to $155 million
Q2 revenue guidance
$170 million to $185 million
Ridgeback contingent consideration
$50.4 million
Canadian agreement
CAD 18 million
Government of Canada agreement
$140 million
ASPR legal award
$54 million
Department of War delivery order
about $21.5 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard S. Lindahl M.B.A.
Executive VP, CFO & Treasurer
No Bio Available
Ms. Coleen Glessner
Executive Vice President of Global Quality and Ethics & Compliance
No Bio Available
Mr. Paul A. Williams
Senior Vice President of Products Business
No Bio Available
Mr. Joseph C. Papa Jr.
CEO, President & Director
No Bio Available
Ms. Jessica Perl
Senior VP, Corporate Secretary & General Counsel
No Bio Available
Ms. Michelle Pepin
Senior VP & Chief Human Resource Officer
No Bio Available
Ms. Stephanie Duatschek
Senior VP, Chief Strategy & Transformation Officer
No Bio Available
Mr. William Hartzel
Senior Vice President of Manufacturing & Bioservices
No Bio Available
Mr. Simon C. Lowry M.D.
Chief Medical Officer & Head of Research and Development
No Bio Available

Contacts

Address
MARYLAND
Gaithersburg
400 Professional Dr Ste 400
Contacts
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