WST on NYSE

West Pharmaceutical Services (United States)

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

American healthcare company

West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. Founded in 1923 by Herman O. West and J.R. Wike of Philadelphia, the company is headquartered in Exton, Pennsylvania. In its early years of development, West produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin.3 Its shares trade on NYSE under the symbol WST.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1923Founded1

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  • TickerWST on NYSE1
  • IndustrySurgical & Medical Instruments & Apparatus1
  • HeadquartersExton1
  • Websitewww.westpharma.com/en/Pages/Default.aspx
  • Incorporated inPA6
  • Business address530 Herman O. West Drive, Exton, Pa 193416
  • Filer categoryLarge accelerated filer6
  • Legal formBusiness Corporation4
  • LEI5493007NKRGM1RJQ1P164
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19341 Exton, United States4
  • Registered withPennsylvania Department of State, 3846594

West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. Founded in 1923 by Herman O. West and J.R. Wike of Philadelphia, the company is headquartered in Exton, Pennsylvania. In its early years of development, West produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.9%Gross margin9
19.0%Operating margin9
16.1%Net margin9
6.3%Revenue growth, 20259
15.5%Return on equity9
0.06×Debt to equity9
$468.9MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue64¢$2.0B
  • Research and development2¢$74.3M
  • Selling, general and admin13¢$393.6M
  • Other costs1¢$20.8M
  • Income tax4¢$121.6M
  • Profit16¢$493.7M

Out of $3.1B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending38¢$285.9M
  • Dividends paid8¢$61.2M
  • Share buybacks18¢$134.0M
  • Kept or used elsewhere36¢$273.7M

Out of $754.8M of cash from operations.9

Financial statements

Revenue101112139$3.1B in 2025+67% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.8B$1.8B20192020: $2.1B$2.1B2020+17%2021: $2.8B$2.8B2021+32%2022: $2.9B$2.9B2022+2%2023: $2.9B$2.9B2023+2%2024: $2.9B$2.9B2024−2%2025: $3.1B$3.1B2025+6%
Gross profit101112139$1.1B in 2025+82% since 2019
0$500.0M$1.0B$1.5B2019: $605.7M$605.7M20192020: $767.8M$767.8M2020+27%2021: $1.2B$1.2B2021+53%2022: $1.1B$1.1B2022−3%2023: $1.1B$1.1B2023−1%2024: $998.5M$998.5M2024−12%2025: $1.1B$1.1B2025+11%
Operating income101112139$584.9M in 2025+97% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $296.6M$296.6M20192020: $406.9M$406.9M2020+37%2021: $752.3M$752.3M2021+85%2022: $734.0M$734.0M2022−2%2023: $676.0M$676.0M2023−8%2024: $569.9M$569.9M2024−16%2025: $584.9M$584.9M2025+3%
Net income101112139$493.7M in 2025+104% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $241.7M$241.7M20192020: $346.2M$346.2M2020+43%2021: $661.8M$661.8M2021+91%2022: $585.9M$585.9M2022−11%2023: $593.4M$593.4M2023+1%2024: $492.7M$492.7M2024−17%2025: $493.7M$493.7M2025+0%
Fiscal year2019202020212022202320242025
Revenue$1.8B10$2.1B11$2.8B12$2.9B13$2.9B9$2.9B9$3.1B9
Cost of revenue$1.2B10$1.4B11$1.7B12$1.8B13$1.8B9$1.9B9$2.0B9
Gross profit$605.7M10$767.8M11$1.2B12$1.1B13$1.1B9$998.5M9$1.1B9
Research and development$38.9M10$46.9M11$52.8M12$58.5M13$68.4M9$69.1M9$74.3M9
Selling, general and admin$272.7M10$302.0M11$362.8M12$316.9M13$353.4M9$338.5M9$393.6M9
Operating income$296.6M10$406.9M11$752.3M12$734.0M13$676.0M9$569.9M9$584.9M9
Interest$8.5M10$8.2M11$8.2M12$7.9M12$9.0M12
Income before tax$748.9M12$679.9M13$698.0M9$585.5M9$600.9M9
Income tax$59.0M10$72.5M11$107.2M12$114.7M13$122.3M9$107.5M9$121.6M9
Net income$241.7M10$346.2M11$661.8M12$585.9M13$593.4M9$492.7M9$493.7M9
Earnings per share$3.2710$4.6811$8.8912$7.8713$7.989$6.759$6.839
Earnings per share (diluted)$3.2110$4.5711$8.6712$7.7313$7.889$6.699$6.799
Shares (weighted, basic)74.4M shares1274.4M shares1374.3M shares973.0M shares972.3M shares9
Shares (weighted, diluted)76.3M shares1275.8M shares1375.3M shares973.7M shares972.7M shares9

Compare West Pharmaceutical Services (United States) with another company

Corporate structure

West Pharmaceutical Services (United States) sits at the top of its group. 44 entities, 21 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of West Pharmaceutical Services (United States)

  • FMR LLC Filed SCHEDULE 13G on West Pharmaceutical Services (United States), latest Aug 6, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on West Pharmaceutical Services (United States), latest Apr 30, 2026
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on West Pharmaceutical Services (United States), latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on West Pharmaceutical Services (United States), latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on West Pharmaceutical Services (United States), latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Franklin Templeton Investments Filed SC 13G/A on West Pharmaceutical Services (United States), latest Feb 4, 2022
  • West Pharmaceutical Services (United States) Exton, Pennsylvania, United States
    • WEST PHARMACEUTICAL SERVICES HOLDING GMBH Eschweiler, Germany
    • West Pharmaceutical Services Deutschland Subsidiary · Eschweiler, Germany
    • Tech Group Europe Limited Subsidiary · Ireland
    • Tech Group Grand Rapids, Inc. Subsidiary · Delaware, United States
    • TGPR HOLDINGS LIMITED Subsidiary · Dublin, Ireland
    • West Contract Manufacturing, LLC Subsidiary · Delaware, United States
    • WEST PHARMA. SERVICES IL, LTD. (ווסט פארמה סרוויסס איי אל, בע"מ) Subsidiary · Ra'Anana, Israel
    • West Pharmaceutical Packaging (China) Company Ltd. Subsidiary · China
    • WEST PHARMACEUTICAL PACKAGING INDIA PRIVATE LIMITED Subsidiary · Hyderabad, India
    • West Pharmaceutical Products Ireland, Ltd. Subsidiary · Ireland
    • West Pharmaceutical Services Argentina S.A. Subsidiary · Argentina
    • West Pharmaceutical Services Asia, Ltd. Subsidiary · Taiwan
    • West Pharmaceutical Services Australia Pty. Ltd. Subsidiary · Australia
    • West Pharmaceutical Services AZ, Inc. Subsidiary · Arizona, United States
    • West Pharmaceutical Services Beograd d.o.o. Subsidiary · Serbia
    • West Pharmaceutical Services Brasil Ltda. Subsidiary · Brazil
    • West Pharmaceutical Services Colombia S.A.S. Subsidiary · Colombia
    • West Pharmaceutical Services Cornwall Limited Subsidiary · United Kingdom
    • West Pharmaceutical Services Danmark ApS Subsidiary · Denmark
    • West Pharmaceutical Services Delaware Acquisition, Inc. Subsidiary · Delaware, United States
    • West Pharmaceutical Services Deutschland GmbH & Co. KG Subsidiary · Germany
    • West Pharmaceutical Services European Holdings 1 GmbH Subsidiary · Germany
    • West Pharmaceutical Services European Holdings II GmbH Subsidiary · Germany
    • West Pharmaceutical Services France S.A. Subsidiary · France
    • West Pharmaceutical Services Group Limited Subsidiary · United Kingdom
    • and 18 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What West Pharmaceutical Services (United States) reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$3.2B9 Dec 31, 2025$3.0B9 Dec 31, 2024+8.0%
Accumulated depreciation$1.5B9 Dec 31, 2025$1.4B9 Dec 31, 2024+6.6%
Property and equipment, net$1.7B9 Dec 31, 2025$1.6B9 Dec 31, 2024+9.2%
Finance-lease assets$34.7M9 Dec 31, 2025$29.7M9 Dec 31, 2024+16.8%
Operating-lease assets (leased space)$117.0M9 Dec 31, 2025$104.5M9 Dec 31, 2024+12.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$791.3M9 Dec 31, 2025$484.6M9 Dec 31, 2024+63.3%
Stakes in other companies (equity method)$208.3M9 Dec 31, 2025$194.9M9 Dec 31, 2024+6.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$109.9M9 Dec 31, 2025$106.0M9 Dec 31, 2024+3.7%
Intangible assets, net (excluding goodwill)$7.7M9 Dec 31, 2025$10.8M9 Dec 31, 2024−28.7%
Finite-lived intangibles, gross$76.3M9 Dec 31, 2025$76.1M9 Dec 31, 2024+0.3%
Accumulated amortization$68.6M9 Dec 31, 2025$65.3M9 Dec 31, 2024+5.1%
Finite-lived intangibles, net$7.7M9 Dec 31, 2025$10.8M9 Dec 31, 2024−28.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$443.9M9 Dec 31, 2025$377.0M9 Dec 31, 2024+17.7%
Raw materials$163.2M9 Dec 31, 2025$166.9M9 Dec 31, 2024−2.2%
Work in process$103.2M9 Dec 31, 2025$65.2M9 Dec 31, 2024+58.3%
Finished goods$177.5M9 Dec 31, 2025$144.9M9 Dec 31, 2024+22.5%

Properties, in its own words

Our corporate headquarters are located at 530 Herman O. West Drive, Exton, Pennsylvania 19341.

The following table summarizes our facilities by segment and geographic region. All facilities shown are owned except where otherwise noted.

The rest of Item 2

Type of Facility/ Country · Location · Segment

Manufacturing:

United States of America · Scottsdale, AZ (1) (2) · Proprietary Products

Tempe, AZ (2) · Proprietary Products and Contract Manufactured Products

St. Petersburg, FL (1) · Proprietary Products

Greenfield, IN (2) · Contract Manufactured Products

Grand Rapids, MI · Contract Manufactured Products

Kinston, NC · Proprietary Products

Kearney, NE · Proprietary Products

Jersey Shore, PA · Proprietary Products

Williamsport, PA · Proprietary Products and Contract Manufactured Products

Cayey, Puerto Rico · Proprietary Products and Contract Manufactured Products

South America

Brazil · Sao Paulo · Proprietary Products

Europe

Denmark · Horsens · Proprietary Products

England · St. Austell · Proprietary Products

France · Le Nouvion · Proprietary Products

Germany · Eschweiler (1) (2) · Proprietary Products

Stolberg · Proprietary Products

Ireland · Waterford · Proprietary Products

Dublin (1) (2) · Contract Manufactured Products

Serbia · Kovin · Proprietary Products

Asia Pacific

China · Qingpu · Proprietary Products

India · Sri City · Proprietary Products

Singapore · Jurong (1) (2) · Proprietary Products

Type of Facility/ Country · Location · Segment

Mold-and-Die Tool Shop:

United States of America · Upper Darby, PA · Proprietary Products

Europe

England · Bodmin · Proprietary Products

Germany · Stolberg · Proprietary Products

Contract Analytical Laboratory:

United States of America · Exton, PA · Proprietary Products

Technology Center:

Asia Pacific

India · Bangalore (1) (2) · Proprietary Products and Contract Manufactured Products

(1)This manufacturing facility is also used for research and development activities.

(2)This facility is leased in whole or in part.

Our Proprietary Products reportable segment leases facilities located in Scottsdale, AZ, Radnor, PA, Germany, Israel and Taiwan for research and development, as well as other activities. Sales offices in various locations are leased under contractual arrangements.

Item 2 of the 10-K filed Feb 17, 2026.17

Leadership

Who has led West Pharmaceutical Services (United States), and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries

Also consolidated

Subsidiaries (Exhibit 21)

  • TGPR Holdings Limited Ireland7
  • Tech Group Europe Limited Ireland7
  • Tech Group Grand Rapids, Inc. Delaware7
  • West Contract Manufacturing, LLC Delaware7
  • West Pharma. Services IL, Ltd. Israel7
  • West Pharmaceutical Packaging (China) Company Ltd. China7
  • West Pharmaceutical Packaging India Private Limited India7
  • West Pharmaceutical Products Ireland, Ltd. Ireland7
  • West Pharmaceutical Services AZ, Inc. Arizona7
  • West Pharmaceutical Services Argentina S.A. Argentina7
  • West Pharmaceutical Services Asia, Ltd. Taiwan7
  • West Pharmaceutical Services Australia Pty. Ltd. Australia7
  • West Pharmaceutical Services Beograd d.o.o. Serbia7
  • West Pharmaceutical Services Brasil Ltda. Brazil7
  • West Pharmaceutical Services Colombia S.A.S. Colombia7
  • West Pharmaceutical Services Cornwall Limited England7
  • West Pharmaceutical Services Danmark ApS Denmark7
  • West Pharmaceutical Services Delaware Acquisition, Inc. Delaware7
  • West Pharmaceutical Services European Holdings 1 GmbH Germany7
  • West Pharmaceutical Services European Holdings II GmbH Germany7
  • West Pharmaceutical Services France S.A. France7
  • West Pharmaceutical Services Group Limited England7
  • West Pharmaceutical Services Hispania S.A. Spain7
  • West Pharmaceutical Services Holding GmbH Germany7
All 40 listed subsidiaries
  • West Pharmaceutical Services Holding II GmbH Germany7
  • West Pharmaceutical Services Holding Ireland North, Ltd. Ireland7
  • West Pharmaceutical Services Holding Ireland South, Ltd. Ireland7
  • West Pharmaceutical Services Holding Japan, GK Japan7
  • West Pharmaceutical Services Holdings Ltd. Israel7
  • West Pharmaceutical Services Italia S.r.L. Italy7
  • West Pharmaceutical Services Korea, Ltd. South Korea7
  • West Pharmaceutical Services Lakewood, Inc. Delaware7
  • West Pharmaceutical Services Shanghai Medical Rubber Products Co., Ltd. China7
  • West Pharmaceutical Services Singapore Pte. Ltd. Singapore7
  • West Pharmaceutical Services Switzerland GmbH In Liquidation Switzerland7
  • West Pharmaceutical Services Verwaltungs GmbH Germany7
  • West Pharmaceutical Services of Delaware, Inc. Delaware7
  • West Pharmaceutical Services of Florida, Inc. Florida7
  • West Pharmaceutical Services, Inc. Pennsylvania7
  • West Services and Solutions, LLC Delaware7

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • WEST CO INCApr 5, 1994 to Feb 11, 19996

Timeline

  1. Sep 10, 2026New chief executive Michel Lagarde becomes CEO18
  2. Jul 23, 20268-K Results of operations; Regulation FD disclosure79
  3. Jul 14, 20268-K Entered a material agreement80
  4. Jun 1, 20268-K Executive or director change; Regulation FD disclosure81
  5. May 20, 20268-K Cybersecurity incident82
  6. May 11, 20268-K Cybersecurity incident; Regulation FD disclosure83
  7. May 5, 20268-K Shareholder vote84
  8. Apr 23, 20268-K Results of operations; Regulation FD disclosure85
  9. Mar 9, 20268-K Executive or director change; Regulation FD disclosure86
  10. Feb 12, 20268-K Results of operations; Regulation FD disclosure87
  11. Oct 23, 20258-K Results of operations; Regulation FD disclosure88
  12. Sep 11, 20258-K Executive or director change89
  13. Jul 24, 20258-K Results of operations; Regulation FD disclosure90
  14. Apr 27, 2015New chief executive Eric Mark Green becomes CEO19
  15. Jan 3, 2006New chief executive Donald E. Morel Jr. becomes CEO20
  16. 1923Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.96 a share, on Oct 23, 2025.91

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results79
  2. Apr 23, 2026Reported quarterly or annual results85
  3. Feb 12, 2026Reported quarterly or annual results87
  4. Oct 23, 2025Reported quarterly or annual results88
  5. Jul 24, 2025Reported quarterly or annual results90
  6. Apr 24, 2025Reported quarterly or annual results92
  7. Feb 13, 2025Reported quarterly or annual results93
  8. Oct 24, 2024Reported quarterly or annual results94

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

312 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 193 insider forms, 15 large holders, 38 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Sep 15, 20264 EDGAR
  3. Sep 10, 20264 EDGAR
  4. Sep 10, 20264 EDGAR
  5. Sep 10, 20263 EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 6, 2026SCHEDULE 13G EDGAR
  8. Jul 23, 202610-Q EDGAR
  9. Jul 23, 20268-K EDGAR
  10. Jul 14, 20268-K EDGAR
  11. Jul 1, 20264 EDGAR
  12. Jun 1, 20268-K EDGAR
  13. May 20, 20268-K/A EDGAR
  14. May 14, 20264 PRIMARY DOCUMENT EDGAR
  15. May 13, 2026SD EDGAR
  16. May 11, 20268-K EDGAR
  17. May 7, 2026144 EDGAR
  18. May 6, 20264 PRIMARY DOCUMENT EDGAR
  19. May 6, 20264 PRIMARY DOCUMENT EDGAR
  20. May 6, 20264 PRIMARY DOCUMENT EDGAR

The 312 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 0 buys and 38 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Favorite Annette FSr. VP & Chief HR OfficerSale2,524$365.00$921.3KForm 4
Sep 14, 2026Favorite Annette FSr. VP & Chief HR OfficerSale2,500$355.00$887.5KForm 4
Sep 11, 2026Favorite Annette FSr. VP & Chief HR OfficerSale2,500$345.00$862.5KForm 4
Sep 8, 2026Favorite Annette FSr. VP & Chief HR OfficerSale8,135$340.81$2.8MForm 4
Apr 27, 2026Favorite Annette FSr. VP & Chief HR OfficerSale2,817$305.20$859.7KForm 4
Apr 27, 2026Winters ChadVP, Chief Accounting OfficerSale896$300.67$269.4KForm 4
Oct 29, 2024Witherspoon CharlesVP & TreasurerSale703$310.40$218.2KForm 4
Aug 19, 2024Witherspoon CharlesVP & TreasurerSale1,029$300.00$308.7KForm 4
Aug 6, 2024Green Eric MarkPresident, CEO and Board ChairSale30,732$304.71$9.4MForm 4
Jun 12, 2024Abraham SiljiSVP, Chief Technology OfficerSale1,800$330.78$595.4KForm 4
May 10, 2024Hofmann Thomas WDirectorSale617$365.92$225.8KForm 4
May 7, 2024Green Eric MarkPresident, CEO and Board ChairSale66,000$366.65$24.2MForm 4
May 7, 2024Green Eric MarkPresident, CEO and Board ChairSale66,000$366.65$24.2MForm 4
Mar 11, 2024Winters ChadVP, Chief Accounting OfficerSale815$358.82$292.4KForm 4
Feb 28, 2024Witherspoon CharlesVP & TreasurerSale2,019$358.62$724.1KForm 4
Feb 27, 2024Green Eric MarkPresident, CEO and Board ChairSale64,132$359.85$23.1MForm 4
Feb 23, 2024Abraham SiljiSVP, Chief Technology OfficerSale7,012$365.00$2.6MForm 4
Dec 4, 2023Winters ChadVP, Chief Accounting OfficerSale1,013$349.00$353.5KForm 4
Dec 1, 2023Winters ChadVP, Chief Accounting OfficerSale1,013$349.00$353.5KForm 4
Oct 31, 2023Witherspoon CharlesVP & TreasurerSale1,190$322.37$383.6KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How West Pharmaceutical Services (United States) is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWEST PHARMACEUTICAL SERVICES INC2
  • CIK0000105770
  • Employer ID (EIN)23-121001017
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inPennsylvania17
  • Fiscal year endsDecember 312
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus2
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
  • Business address530 Herman O. West Drive, Exton, PA 193412
  • Phone61059429002
  • Shares outstanding70,375,762 as of Jul 20, 202615
  • Public float$15.7B as of Jun 30, 202517
  • AuditorPricewaterhouseCoopers LLP, Philadelphia, Pennsylvania PCAOB ID 238; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 11, 19942
  • Filings3,443 in all: 4 (2,466), 8-K (337), 4/A (113), SC 13G/A (110), 10-Q (98), 3 (44), DEF 14A (33), 10-K (32)2
    All 42 form types

    11-K (31), SC 13G (27), DEFA14A (17), S-8 (15), SD (13), 8-K/A (12), ARS (11), 144 (10), CT ORDER (7), UPLOAD (7), 10-Q/A (6), 5 (6), CORRESP (6), PRE 14A (5), 3/A (4), S-3/A (4), 10-K/A (3), S-3ASR (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), S-3 (2), S-8 POS (2), SC TO-I/A (2), 424B3 (1), 424B5 (1), 424B7 (1), 5/A (1), FWP (1), NT 10-K (1), PX14A6G (1), SC 13E4 (1), SC 13E4/A (1), SC TO-C (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 17, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Jul 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.25 per shareWSTNew York Stock Exchange

From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks West Pharmaceutical Services (United States) names in Item 1A of its 10-K filed Feb 17, 2026: 36 risks under these headings, as written.17

  • Many of the factors that will determine our future results are beyond our ability to control or predict. Achievement of future results is subject to known or unknown risks or uncertainties, including, without limitation, the risks set forth below. Therefore, actual results could differ materially from past results and those expressed or implied in any forward-looking statement. You should bear this in mind as you consider forward-looking statements.
  • Unless required by applicable securities law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. We also refer you to further disclosures we make on related subjects in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K to the SEC.
  • Global and Economic Risks
  • Global economic conditions, including inflation and supply chain disruptions, could adversely affect our operations.
  • Unauthorized access to our or our customers’ information and systems could negatively impact our business.
  • We are a global company with significant revenues and earnings generated internationally, which exposes us to the impact of foreign currency fluctuations and tariffs, as well as political and economic risks.
  • We are exposed to credit risk on accounts receivable and certain prepayments made in the normal course of business. This risk is heightened during periods when economic conditions worsen.
  • Unstable market and economic conditions and adverse developments with respect to financial institutions and associated liquidity risk may have serious adverse consequences on our business and financial condition.
  • Industry Risks
  • Our sales and profitability are largely dependent on the sale of drug products delivered by injection and the packaging of drug products. If the drug products developed by our customers in the future use another delivery system or are reconfigured to require less frequent dosing, our sales and profitability could suffer.
  • If we are unable to provide comparative value advantages, timely fulfill customer orders, or resist pricing pressure, we will have to reduce our prices, which may reduce our profit margins.
  • Consolidation in the pharmaceutical and healthcare industries could adversely affect our future revenues and operating income.
The other 26 risks
  • The medical technology industry is very competitive and customer requests and/or new products in the marketplace could cause a reduction in demand.
  • Business and Operational Risks
  • Disruption in our manufacturing facilities could have a material adverse effect on our ability to make and sell products and have a negative impact on our reputation, performance or financial condition.
  • Our international sales and operations are subject to risks and uncertainties that vary by country and which could have a material adverse effect on our business and/or results of operations.
  • Disruptions in the supply of key raw materials could adversely impact our operations.
  • Raw material and energy prices have a significant impact on our profitability. If raw material and/or energy prices increase, and we cannot pass those price increases on to our customers, our profitability and financial condition may suffer.
  • If we are not timely or successful in new-product innovation or the development and commercialization of proprietary multi-component systems, our future revenues and operating income could be adversely affected.
  • We may not succeed in completing divestitures, acquisitions or other strategic transactions, all of which could have an adverse effect on our business and results of operations.
  • Product defects could adversely affect the results of our operations.
  • A loss of or inability to attract key personnel or highly skilled employees could disrupt our operations.
  • The concentration of our customer base could adversely affect our financial condition and operating results.
  • We may be unable to increase capacity or efficiency at our own manufacturing facilities, which could adversely affect our business, financial condition, and results of operations.
  • Our results of operations and earnings may not meet guidance or expectations.
  • No assurance can be given that we will continue to pay or declare dividends.
  • If we fail to comply with our obligations under our distributorship or license agreements with Daikyo or the agreements are terminated early or not renewed, we could lose license rights and access to certain product and technology that are important to our business.
  • Legal, Regulatory and Compliance Risks
  • We are subject to regulation by governments around the world, and if these regulations are not complied with, existing and future operations may be curtailed, and we could be subject to liability.
  • Products that incorporate our technologies and medical devices that we produce are subject to regulations and extensive approval or clearance processes, which make the timing and success of new-product commercialization difficult to predict.
  • Changes in the regulation of drug products and devices may increase competitive pressure and adversely affect our business.
  • If we are not successful in protecting our intellectual property rights, our ability to compete may be affected.
  • Significant developments in U.S. tax policies could have a material adverse effect on our business and/or results of operations.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results, which could lead to a loss of investor confidence in our financial statements and have an adverse effect on our stock price.
  • We are subject to stringent and changing obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm and other adverse business consequences.
  • Changing climate, global climate change regulations and greenhouse gas effects may adversely affect our operations and financial performance.
  • Failure to comply with anti-bribery, anti-corruption and anti-money laundering laws could subject us to penalties and other adverse consequences.
  • Our operations must comply with environmental statutes and regulations, and any failure to comply could result in extensive costs which would harm our business.
  • Changes in reimbursement practices of third-party payers or other cost containment measures, including changes to applicable laws and regulations, could affect the demand for our products and the prices at which they are sold.
  • General Risk Factor
  • Our share price has been volatile and may fluctuate, and accordingly, the value of an investment in our common stock may also fluctuate.

Legal proceedings

From time to time, we are involved in various proceedings, lawsuits, disputes and claims arising in the ordinary course of the Company’s business, whether that be matters involving commercial operations, product liability, intellectual property or employment actions, including class action lawsuits. We accrue for loss contingencies when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated based on circumstances and assumptions existing at the time. The outcome of such claims cannot be predicted with certainty and one or more unfavorable outcomes in any claim or litigation against us could have a material adverse effect on our business, financial condition, results of operations or liquidity for the period in which they are resolved.

Securities Class Action

The opening of Item 3, Legal Proceedings.17

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