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Dec 31, 2021
Zoetis Q4 2021 Earnings Report
Zoetis reported a revenue increase of 9% and a net income increase of 15% for Q4 2021.
Key Takeaways
Zoetis reported Q4 2021 revenue of $2.0 billion, a 9% increase compared to Q4 2020. Net income for Q4 2021 was $414 million, a 15% increase. Adjusted net income was $474 million, an 8% increase.
Revenue in the U.S. segment was $1.040 billion, an increase of 9% compared with the fourth quarter of 2020.
Sales of companion animal products increased 20%, driven by growth across the company’s parasiticides portfolio, including Simparica Trio® for dogs.
Revenue in the International segment was $902 million, an increase of 8% on a reported and operational basis compared with the fourth quarter of 2020.
Sales of companion animal products increased 22% on a reported basis and 23% operationally.
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 providing full year 2022 guidance, which includes revenue between $8.325 billion to $8.475 billion, reported diluted EPS between $4.75 to $4.87, and adjusted diluted EPS between $5.09 to $5.19.
Positive Outlook
- Revenue between $8.325 billion to $8.475 billion
- Operational growth of 9% to 11%
- Adjusted cost of sales as a percentage of revenue approximately 29%
- Adjusted SG&A expenses between $2.070 to $2.120 billion
- Adjusted R&D expenses between $540 to $560 million
Challenges Ahead
- Foreign exchange impact on revenue of approximately $(160) million
- Foreign exchange impact on Adjusted SG&A expenses of approximately $(30) million
- Foreign exchange impact on Adjusted R&D expenses of approximately $(5) million
- Adjusted interest expense and other (income)/deductions-net approximately $240 million
- Effective tax rate on adjusted income approximately 20%
Revenue & Expenses
Visualization of income flow from segment revenue to net income