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Eli Lilly — Jan 14, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000059478-25-000005
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Full-year worldwide revenue
“approximately $45.0 billion”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 8
Revenue for FY2025
“$58.0 billion to $61.0 billion”
Revenue growth at midpoint for FY2025
“growth of 32% at the midpoint compared to expected 2024 revenue”
Full-year worldwide revenue for FY2024
“approximately $45.0 billion”
Worldwide revenue for Q4 FY2024
“approximately $13.5 billion”
Revenue growth for Q4 FY2024
“growth of 45% compared to Q4 2023”
Mounjaro revenue for Q4 FY2024
“approximately $3.5 billion”
Incretin salable dose production growth for FY2025
“at least 60% more salable doses of incretins in the first half of the year compared to the first half of 2024”
Salable doses of incretins produced for FY2024
“at least 60% more”
Exhibit 99.1 · the passage around this item
… earlier in the release
o $61.0 billion, growth of 32% at the midpoint compared to expected 2024 revenue INDIANAPOLIS, January 14, 2025 -- Eli Lilly and Company (NYSE: LLY) today announced that it expects 2024 full-year worldwide revenue to be approximately $45.0 billion, which represents growth of 32% compared to the previous year. The company also shared 2025 revenue guidance, anticipating sales will be between $58.0 billion and $61.0 billion. For Q4 2024, Lilly now expects worldwide revenue to be approximately $13.5 billion, representing growth of 45% compared to Q4 2023. This includes approximately $3.5 billion for Mounjaro ® and $1.9 billion for Zepbound ® . In addition to the uptake of Mounjaro and Zepbound, Lilly saw strong performance from its oncology, immunology and neuroscience medicines in Q4 of 2024. In total, non-incretin revenue grew by 20% compared to Q4 2023. However, the company’s expected 2024 revenue is $400 million, or about 3%, below the guidance range issued on October 30, 2024, as part of the Q3 2024 earnings call. “While the U.S. incretin market grew 45% compared to the same quarter last year, our previous guidance had anticipated even faster acceleration of growth for the quarter. That, in addition to lower-than-expected channel inventory at year-end, contributed to our Q4 results. We continued to make progress on our manufacturing build-out, and U.S. supply across all doses of tirzepatide was available throughout Q4,” sa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.