NYSE$ELAN

Elanco Animal Health Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Elanco reported a decrease in revenue and a net loss for Q4 2019, but highlighted progress in its core business and the Bayer Animal Health acquisition.

Elanco Animal Health reported Q4 2019 financial results, with total revenue decreasing by 2% to $787 million. The company experienced a net loss of $9.5 million, or $0.03 per diluted share. However, core revenue, excluding strategic exits, increased by 1% at constant currency, and the company made progress with the Bayer Animal Health acquisition.

  • Total revenue decreased by 2% to $787 million, but core revenue (excluding strategic exits) increased by 1% at constant currency.
  • Net loss for the quarter was $9.5 million, or $0.03 per diluted share.
  • Companion Animal Therapeutics revenue increased 33%, driven by increased volume and price.
  • The company is making significant progress with the Bayer Animal Health acquisition, expecting a mid-2020 close.

Headline financials

Total Revenue

$787M

Previous: $799M-1.5%
EPS (adj)

$0.23

Previous: $0.29-20.7%
Capital Expenditures

$54.4M

Previous: $60.2M-9.6%
Free Cash Flow

$71.9M

Previous: $79.3M-9.3%
Net Income

-$9.5M

Previous: $16.4M-157.9%
Operating Income

$124M

No prior period
Gross Profit

$377M

Previous: $387M-2.6%
Cash & Equivalents

$334M

Previous: $475M-29.7%
Total Assets

$8.99B

Previous: $8.96B+0.3%
Stock-Based Comp

$12.7M

Previous: $5.8M+119.0%

Revenue & EPS history

Elanco · Revenue · Quarterly

$787M

Q4 2019-1.5%vs Q4 2018
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Revenue by segment

Elanco · $1.58B total across 5 segments · Q3 2023

  • Farm Animal
    $561M
  • Pet Health
    $495M+5.1%
  • Cattle
    $242M+3.9%
  • Poultry
    $184M+15.7%
  • Swine
    $93M+10.7%

Forward guidance

Elanco confirmed the full year 2020 guidance provided in January, representing standalone Elanco only and including contribution from products Elanco has announced they will divest. The guidance does not consider any financing elements but includes costs associated with the stand up of Elanco and integration planning for the Bayer AG animal health acquisition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+2.0%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+1.1%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+27.2%

Q1 2024

Best reaction

-16.3%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+13.9%-5.6%+2.6%
Q4 2025+7.3%+6.7%-0.7%
Q3 2025-4.2%-1.0%-2.7%
Q1 2025+26.2%+34.8%+46.2%
Q4 2024-3.7%+0.5%-2.7%
Q3 2024+9.4%+9.8%-2.8%
Q2 2024+5.3%+12.6%+21.9%
Q1 2024+27.2%+25.7%+34.7%
Q4 2023+0.5%-2.1%-1.2%
Q3 2023+15.9%+14.1%+36.4%
Q2 2023+7.0%+4.5%+2.7%
Q1 2023-3.8%-8.4%-0.1%
Q4 2022-6.9%-11.0%-33.1%
Q3 2022-10.3%+0.4%-6.7%
Q2 2022-1.6%+3.3%-23.9%
Q1 2022-7.9%-6.4%+1.5%
Q4 2021+8.2%+12.4%+3.3%
Q3 2021+1.2%+0.3%-14.3%
Q2 2021-16.3%-12.3%-4.2%
Q1 2021+3.8%+3.4%+10.1%
Q4 2020+2.8%+9.0%-9.8%
Q3 2020-4.7%-8.0%-9.8%
Q2 2020+11.7%+17.3%+37.7%
Q1 2020-13.5%-12.9%+3.6%
Q4 2019-0.7%-1.4%-42.5%
Q3 2019-1.9%-3.1%-1.2%
Q2 2018-4.8%-1.3%-4.6%
Q2 2019-4.8%-1.3%-4.6%
Q1 2019+6.1%+3.9%+4.1%
Q4 2018-2.4%-1.7%-2.7%
Q3 2018+3.7%+3.7%-1.9%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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