Zoetis Q2 2024 Earnings Report
Key Takeaways
Zoetis reported an 8% increase in revenue to $2.4 billion for the second quarter of 2024. Net income decreased by 7% to $624 million, or $1.37 per diluted share. The company raised its full-year 2024 revenue guidance to $9.100 - $9.250 billion and expects adjusted diluted EPS of $5.78 to $5.88.
Revenue increased by 8% to $2.4 billion, with operational growth of 11%.
Net income decreased by 7% to $624 million, or $1.37 per diluted share.
Adjusted net income was $711 million, or $1.56 per diluted share.
Full year 2024 revenue guidance raised to $9.100 - $9.250 billion.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is raising its full year reported 2024 guidance due to the company's strong first half and the underlying strength in companion animal.
Positive Outlook
- Revenue between $9.100 billion to $9.250 billion (operational growth of 9% to 11%)
- Reported net income between $2.450 billion to $2.490 billion
- Adjusted net income between $2.640 billion to $2.690 billion (operational growth of 13.5% to 15.5%)
- Reported diluted EPS of $5.35 to $5.45
- Adjusted diluted EPS between $5.78 to $5.88
Revenue & Expenses
Visualization of income flow from segment revenue to net income