The company utilizes raw materials and other inputs to manufacture products under supply agreements typically lasting two to seven years, with some agreements terminable on short notice. It maintains master service agreements for development solutions to facilitate customer access. As of June 30, 2024, the company's backlog, representing future service revenues, was $2.34 billion, down from $2.53 billion the previous year. This backlog includes firm orders and minimum volumes for manufacturing services, primarily in the Biologics and Pharma and Consumer Health segments. Approximately 78% of the backlog as of June 30, 2024, is expected to be recognized as revenue by the end of fiscal 2025. The company operates approximately 50 manufacturing facilities and development centers worldwide, totaling about 8 million square feet, with capabilities in regulatory, quality assurance, and in-house validation, all compliant with cGMP or other applicable requirements.
Catalent Inc's Comment on Supply Chain
The company utilizes raw materials and other inputs to manufacture products under supply agreements typically lasting two to seven years, with some agreements terminable on short notice. It maintains master service agreements for development solutions to facilitate customer access. As of June 30, 2024, the company's backlog, representing future service revenues, was $2.34 billion, down from $2.53 billion the previous year. This backlog includes firm orders and minimum volumes for manufacturing services, primarily in the Biologics and Pharma and Consumer Health segments. Approximately 78% of the backlog as of June 30, 2024, is expected to be recognized as revenue by the end of fiscal 2025. The company operates approximately 50 manufacturing facilities and development centers worldwide, totaling about 8 million square feet, with capabilities in regulatory, quality assurance, and in-house validation, all compliant with cGMP or other applicable requirements.
Sources:
Catalent Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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