Zoetis Q1 2023 Earnings Report
Key Takeaways
Zoetis reported a 1% increase in revenue to $2.0 billion for Q1 2023, with a net income of $552 million, a 7% decrease. Adjusted net income was $607 million, a 3% decline. The company maintained its full-year revenue guidance of $8.575 - $8.725 billion and operational revenue growth of 6% to 8%.
Revenue grew 1% to $2.0 billion, with 4% operational growth.
Net income decreased 7% to $552 million, with adjusted net income down 3% to $607 million.
U.S. revenue decreased 1%, while international revenue increased 3% on a reported basis and 10% operationally.
Full-year revenue guidance maintained at $8.575 - $8.725 billion, with operational growth of 6% to 8%.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is maintaining its full year 2023 guidance, which includes revenue between $8.575 billion to $8.725 billion (operational growth of 6% to 8%), reported net income between $2.345 billion to $2.400 billion, adjusted net income between $2.490 billion to $2.540 billion (operational growth of 7% to 9%), reported diluted EPS between $5.03 to $5.14, and adjusted diluted EPS between $5.34 to $5.44.
Positive Outlook
- Revenue between $8.575 billion to $8.725 billion
- Operational growth of 6% to 8%
- Reported net income between $2.345 billion to $2.400 billion
- Adjusted net income between $2.490 billion to $2.540 billion
- Operational growth of 7% to 9%
Revenue & Expenses
Visualization of income flow from segment revenue to net income