Zoetis Q1 2022 Earnings Report
Key Takeaways
Zoetis reported a strong first quarter in 2022, with revenue reaching $2.0 billion, a 6% increase compared to the previous year. Net income increased by 6% to $595 million, with diluted earnings per share rising by 8% to $1.26. Adjusted net income was $625 million, or $1.32 per diluted share, representing a 4% increase. The company has updated its full-year guidance to reflect the negative impact of foreign exchange rates.
Revenue reached $2.0 billion, a 6% increase, with net income at $595 million, up 6%.
Operational revenue growth was strong at 9%, and adjusted net income grew by 8% operationally.
The U.S. segment saw a 9% increase in revenue, driven by companion animal products.
The international segment grew by 3% on a reported basis and 8% operationally, with companion animal products as a key driver.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is updating its full year 2022 guidance due to the negative impact of recent changes to foreign exchange rates, and this includes: Revenue between $8.225 billion to $8.375 billion, Reported diluted EPS between $4.65 to $4.77, Adjusted diluted EPS between $4.99 to $5.09.
Revenue & Expenses
Visualization of income flow from segment revenue to net income