Zoetis Q3 2021 Earnings Report
Key Takeaways
Zoetis reported strong Q3 2021 results with revenue of $2.0 billion, an 11% increase compared to Q3 2020. Net income was $552 million, a 15% increase. Adjusted net income was $597 million, a 14% increase. The company has increased its full year 2021 revenue guidance to $7.700 - $7.750 billion and diluted EPS of $4.23 - $4.29 on a reported basis, or $4.62 - $4.67 on an adjusted basis.
Revenue reached $2.0 billion, reflecting an 11% increase.
Net income amounted to $552 million, with a diluted EPS of $1.16, marking a 15% and 16% increase, respectively.
Adjusted net income stood at $597 million, resulting in an adjusted diluted EPS of $1.25.
Operational revenue and adjusted net income both grew by 10%.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is increasing its full year 2021 guidance, which includes revenue between $7.700 billion and $7.750 billion, reported diluted EPS between $4.23 and $4.29, and adjusted diluted EPS between $4.62 and $4.67.
Revenue & Expenses
Visualization of income flow from segment revenue to net income