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Revenues slipped due to several factors
August 4, 2010
By: Tim Wright
Cambrex 2Q10 2Q Revenues: $58.2 million (-2%) 2Q Earnings: $4.8 million (-13%) YTD Revenues: $114.3 million (-5%) YTD Earnings: $6.4 million (-37%) Comments: The drop in revenues was blamed on reduced demand for some large products, a supply chain disruption at a customer’s facility, lower pricing on generic APIs, and a renegotiated contract extension for drug delivery products, resulting in lower pricing. Increased sales volume for controlled substances and generic APIs helped offset some of the drop.
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