Zoetis Q1 revenue $2.0B (+1% reported, +4% operational); adj. EPS $1.31, down 1% operationally

Zoetis Inc.

2023-Q1 EPS reported $1.19 revenue$2,000,000,000

Reported net income $552M ($1.19 diluted EPS), down 7% and 6% YoY respectively.
Adjusted net income $607M ($1.31 diluted EPS); adjusted diluted EPS down 1% operationally.
International segment revenue grew 10% operationally; U.S. segment revenue declined 1%.
Full-year 2023 guidance maintained: revenue $8.575-8.725B, adj. diluted EPS $5.34-5.44.
U.S. companion animal sales fell 7% due to distributor de-stocking; livestock sales up 15%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Zoetis Inc. reported first quarter of 2023 results: revenue $2.0 billion, net income $552 million, or $1.19 per diluted share. Guidance reaffirmed.

Period: first quarter of 2023
Revenue: $2.0 billion
Net income: $552 million, or $1.19 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Reports Revenue of $2.0 Billion, Growing 1%, and Net Income of $552 Million, or $1.19 per Diluted Share, Decreasing 7% and 6%, Respectively, on a Reported Basis for First Quarter 2023 • Delivers 4% Operational Growth in Revenue and a 3% Operational Decline in Adjusted Net Income for First Quarter 2023 • Reports Adjusted Net Income of $607 Million, or Adjusted Diluted EPS of $1.31, for First Quarter 2023 • Maintains Full Year 2023 Revenue Guidance of $8.575 - $8.725 Billion, with Diluted EPS of $5.03 to $5.14 on a Reported Basis, or $5.34 to $5.44 on an Adjusted Basis

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Zoetis Inc. filing history →

Source: SEC EDGAR

accession 0001555280-23-000148

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