Catal­ent de­lays quar­ter­ly call as stock takes an­oth­er dive

Catal­ent said it is de­lay­ing its fi­nan­cial re­sults for the quar­ter, and it now ex­pects to cut $400 mil­lion in net rev­enue guid­ance for the year due to man­u­fac­tur­ing is­sues at three plants.

The con­tract man­u­fac­tur­er an­nounced Mon­day in a press re­lease that it will de­lay its third-quar­ter re­sults for fis­cal 2023 and the in­vestor call, which was on the books for Tues­day. The com­pa­ny said it plans to file its quar­ter­ly re­port by May 15. No date was pro­vid­ed for the resched­uled in­vestor call.

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