Taro Pharmaceutical Industries .(TARO)
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Taro Pharmaceutical Industries .(TARO) - 2022 Q4 - Annual Report
2022-07-25 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION ...
Taro Pharmaceutical Industries .(TARO) - 2021 Q4 - Annual Report
2021-06-17 19:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...
Taro Pharmaceutical Industries .(TARO) - 2021 Q2 - Earnings Call Transcript
2020-10-31 17:52
Financial Data and Key Metrics Changes - For Q2 2021, net sales were $143 million, a decrease of $18 million year-over-year, but increased by 21% sequentially from Q1 [23] - Gross profit was $82 million, down $20 million, with a gross margin of 57% compared to 63% in the prior year, but improved from 55% in Q1 [24] - EBITDA was $47 million with an EBITDA margin of 33%, down from 42% in the prior year but up from 30% in Q1 [25] - Net income attributable to Taro was $45 million, down from $56 million, resulting in diluted earnings per share of $1.18 compared to $1.46 in the prior year [27] - For the first half of the fiscal year, net sales were $261 million, a decrease of $62 million, with a net loss of $390 million compared to a profit of $122 million in the prior year [30] Business Line Data and Key Metrics Changes - The company launched Deferiprone, expanding its capabilities into specialty products, and received several approvals in Canada [18] - Taro's products ranked number 1 and 2 by market share in over 70% of its portfolio in the U.S. generic market [17] Market Data and Key Metrics Changes - The pandemic has led to reduced volumes in the U.S. market, affecting both generics and OTC products due to decreased foot traffic in pharmacies [15] - There has been a sequential increase in overall volumes in Q2 compared to Q1, although volumes have not fully normalized [16] Company Strategy and Development Direction - The company is focused on organic growth, strategic partnerships, and acquisitions to strengthen its portfolio [19] - Taro is committed to maintaining a disciplined evaluation of opportunities to ensure they meet business and financial criteria [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges posed by the COVID-19 pandemic and its impact on business operations and market dynamics [9] - The company remains optimistic about the recovery of clinic operations and patient visits, although uncertainty persists [43] Other Important Information - Taro has returned over $1.2 billion to shareholders through share repurchases, tender offers, and special dividends [11] - The company has resolved all cases related to the DOJ investigation into the U.S. generic pharmaceutical industry [35] Q&A Session Summary Question: Does Taro intend to continue avoiding the branded space in the U.S.? - Management indicated they are exploring opportunities to participate in the branded space but have not committed to any specific actions [40] Question: What is the current status of clinics and patient visits? - Management noted a positive trend in clinic openings and patient visits, but uncertainty remains due to ongoing pandemic conditions [42][43] Question: Can you provide details on the recent acquisition of Aquinox? - The acquisition involves a development-stage company with products in early stages, specifically in the cancer therapy area [45][46] Question: What is the focus of R&D spending and pipeline development? - Management emphasized ongoing efforts to identify products with good market potential, without disclosing specific areas of focus [49] Question: How is Taro maintaining market share in a competitive dermatology space? - The company has maintained market share by ensuring good product supply and serving customers effectively despite overall market demand decline [52] Question: Can you disaggregate price versus volume trends in the portfolio? - Management indicated that price declines are expected to continue, with no major trend reversals observed [53]
Taro Pharmaceutical Industries .(TARO) - 2020 Q4 - Earnings Call Transcript
2020-05-20 14:20
Taro Pharmaceutical Industries Ltd. (NYSE:TARO) Q4 2020 Results Earnings Conference Call May 20, 2020 8:00 AM ET Company Participants William Coote - Assistant Vice President of Business Finance & Investor relations & Treasurer Dilip Shanghvi - Chairman of the Board of Directors Uday Baldota - Chief Executive Officer Daphne Huang - Vice President, CFO and Chief Accounting Officer Conference Call Participants Raghuram Selvaraju - H.C. Wainwright Gregg Gilbert - SunTrust Operator Ladies and gentlemen thank yo ...
Taro Pharmaceutical Industries .(TARO) - 2020 Q2 - Earnings Call Transcript
2019-11-05 23:13
Taro Pharmaceutical Industries Ltd. (NYSE:TARO) Q2 2020 Earnings Conference Call November 5, 2019 8:00 AM ET Company Participants William Coote - Assistant Vice President of Business Finance & Investor relations & Treasurer Dilip Shanghvi - Chairman of the Board of Directors Uday Baldota - Chief Executive Officer Mariano Balaguer - Vice President & Chief Financial Officer Conference Call Participants Edward Marks - H.C. Wainwright Anubhav Aggarwal - Credit Suisse Shyam Srinivasan - Goldman Sachs Sameer Bais ...
Taro Pharmaceutical Industries .(TARO) - 2019 Q4 - Earnings Call Transcript
2019-05-23 18:27
Taro Pharmaceutical Industries Ltd. (NYSE:TARO) Q4 2019 Results Conference Call May 23, 2019 8:00 AM ET Company Participants William Coote - AVP, Business Finance, Treasurer and IR Dilip Shanghvi - Chairman Uday Baldota - CEO Mariano Balaguer - CFO Conference Call Participants Ram Selvaraju - H.C. Wainwright Anubhav Aggarwal - Credit Suisse Shyam Srinivasan - Goldman Sachs Neha Manpuria - JP Morgan Girish Bakhru - Bank of America Sameer Baisiwala - Morgan Stanley Operator Good day, ladies and gentlemen, and ...