earnings
confidence high
sentiment negative
materiality 0.75
Elanco Q2 revenue $1.177B down 8%; cuts full-year guidance on macro headwinds
Elanco Animal Health Inc
2022-Q2 EPS reported
$0.05
revenue$2,402,000,000
- Q2 revenue $1,177M (-8% reported, -4% constant currency); Pet Health $612M (-11%), Farm Animal $553M (-2%).
- Reported EPS $(0.04), adjusted EPS $0.36; adjusted EBITDA $300M (25.5% margin) vs $291M prior year.
- Full-year revenue guidance cut to $4,465-$4,550M from $4,700-$4,755M; adjusted EPS now $1.06-$1.13 vs $1.15-$1.21.
- Net leverage 5.3x; target ~5.0x by year-end; 60% gross margin and 31% adjusted EBITDA timeline extended.
- In-licensed feline diabetes product under FDA review; Zorbium launched; pipeline on track for two blockbuster submissions.