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August 3, 2006
By: Tim Wright
West Pharmaceutical Services 2Q Revenues: $240 million (+39%) 2Q Earnings: $21 million (+62%) YTD Revenues: $463 million (+44%) YTD Earnings: $39 million (+49%) Comments: Pharmaceutical Systems sales grew to a record $166.4 million in the quarter, up 19.3%. Three percent of the growth, or $4.2 million, was attributed to revenues generated by Medimop Medical Projects, which was acquired in August 2005. Notable product growth continued to be in prefilled syringe components, and in pharmaceutical packaging components employing FluroTec, Teflon and other coating products.
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