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Jun 30, 2023
Zoetis Q2 2023 Earnings Report
Reported revenue growth of 6% and net income increase of 27% for Q2 2023.
Key Takeaways
Zoetis reported a revenue of $2.2 billion for the second quarter of 2023, representing a 6% increase compared to the previous year. Net income reached $671 million, or $1.45 per diluted share, a 27% increase. The company is maintaining its full-year guidance for operational revenue growth of 6% to 8% and adjusted net income growth of 7% to 9%.
Revenue grew by 6% to $2.2 billion, with operational growth of 9%.
Net income increased by 27% to $671 million, or $1.45 per diluted share.
Adjusted net income was $652 million, or $1.41 per diluted share, up 15%.
Maintains full year guidance for operational revenue growth of 6% to 8% and adjusted net income of 7% to 9%.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Revenue by Segment
Companion Animal Revenue
CapyFin.comLivestock Revenue
CapyFin.comContract Mfg. & Human Health Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Zoetis is updating its full year reported 2023 guidance due to foreign exchange rates and a one-time gain from a business development deal.
Positive Outlook
- Maintains operational growth of 6% to 8% in revenue
- Updates reported net income to between $2.400 billion to $2.460 billion
- Updates adjusted net income to between $2.500 billion to $2.550 billion (maintains operational growth of 7% to 9%)
- Updates reported diluted EPS of $5.15 to $5.27 due to the impact of foreign exchange rates and a one-time gain from a business development deal
- Updates adjusted diluted EPS between $5.37 to $5.47 due to the impact of foreign exchange rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income