earnings
confidence high
sentiment positive
materiality 0.75
Elanco Q2 revenue $1.184B, adjusted EPS $0.30; raises full-year revenue guidance
Elanco Animal Health Inc
2024-Q2 EPS reported
-$0.04
revenue$2,389,000,000
- Q2 revenue $1.184B (+12% reported, +13% CC); pet health $579M (+12%), farm animal $594M (+13%).
- Adjusted EPS $0.30 (+67% YoY); adjusted EBITDA $275M (23.2% margin) vs $222M (21.0%).
- Full year organic CC revenue growth guidance raised to 3%-4% (from 2%-3%); adjusted EPS maintained at $0.88-$0.96.
- Aqua divestiture closed July 9, ~$1.2B proceeds used to pay down debt; gross debt reduced to ~$4.5B; net leverage 5.6x.
- Zenrelia FDA final 60-day review; approval expected late Sept. Bovaer commercial activities underway.