Zoetis Q4 2019 Earnings Report
Key Takeaways
Zoetis reported a strong fourth quarter and full year in 2019, with revenue reaching $1.7 billion for the quarter, a 7% increase compared to the previous year. Net income for the quarter was $384 million, or $0.80 per diluted share. The company is launching Simparica® Trio in 2020 and is focused on innovation and growth areas.
Zoetis reported revenue of $1.7 billion for Q4 2019, a 7% increase year-over-year.
Net income for Q4 2019 was $384 million, or $0.80 per diluted share.
Adjusted net income for Q4 2019 was $440 million, or $0.92 per diluted share.
The company is launching Simparica® Trio in 2020 and focusing on innovation.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is providing full year 2020 guidance, which includes Revenue between $6.650 billion to $6.800 billion, Reported diluted EPS between $3.53 to $3.65 and Adjusted diluted EPS between $3.90 to $4.00.
Positive Outlook
- Revenue between $6.650 billion to $6.800 billion
- Operational growth 7.0% to 9.5%
- Adjusted cost of sales as a percentage of revenue 30% to 31%
- Adjusted SG&A expenses $1,590 to $1,640
- Adjusted R&D expenses $455 to $475
Revenue & Expenses
Visualization of income flow from segment revenue to net income