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Highlights

• Amphastar exceeded industry benchmarks in FY23, showcasing impressive margins and a superior return on equity.
• The company’s net revenue and net income surged by 29.1% and 50.5%, respectively, in FY23 compared to FY22.
• With a positive outlook, the company anticipates continued growth driven by advancements in its pipeline product candidates.

Highlights

Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) is a biopharmaceutical company with a major focus on developing, manufacturing, marketing, and selling technically-challenging inhalation, generic and injectable, and intranasal products. Additionally, it sells insulin API products.

In the fiscal year 2023, Amphastar exceeded industry benchmarks across a range of financial measures, indicating its robust operational efficiency and profitability. The company showcased strong margins compared to industry norms, with an EBITDA margin of 36.9% versus the industry median of 22.2%; an operating margin of 30.1% compared to the industry's average of 7.5%; a pretax margin of 26.6% versus the industry's0.2%, and a net margin of 21.7% compared to the industry's -0.1%. Furthermore, AMPH demonstrated a superior return on equity (ROE) of 23.6%, significantly outperforming the industry median of -5.4%, underscoring its efficient use of shareholder equity to generate profits and enhance shareholder value.