NYSE$ELAN

Elanco Animal Health Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Elanco's Q4 2020 results reflected the inclusion of the Bayer Animal Health business, with revenue surpassing guidance due to strong performance in U.S. Pet Health, U.S. Farm Animal, and China swine, and adjusted EPS at the high end of the range.

Elanco Animal Health reported Q4 2020 results, which included the Bayer Animal Health business acquired on August 1, 2020. Revenue reached $1,139.7 million, driven by strong performance in U.S. Pet Health, U.S. Farm Animal, and China swine. Adjusted EPS was at the high end of the guidance range, and the company increased its full-year 2021 guidance.

  • Elanco's fourth-quarter revenue surpassed expectations, driven by U.S. Pet Health, U.S. Farm Animal, and China swine performance.
  • Adjusted EPS met the high end of guidance, supported by productivity initiatives.
  • Innovation is progressing with eight product launches planned for 2021.
  • The company is executing synergies from the Bayer Animal Health acquisition.

Headline financials

Total Revenue

$1.14B

Previous: $787M+44.8%
EPS (adj)

$0.12

Previous: $0.23-47.8%
Capital Expenditures

$118M

Previous: $54.4M+117.6%
Free Cash Flow

-$211M

Previous: $71.9M-393.9%
Net Income

-$323M

Previous: -$9.5M-3297.9%
Gross Profit

$544M

Previous: $377M+44.2%
Cash & Equivalents

$495M

Previous: $334M+48.2%
Total Assets

$17.7B

Previous: $8.99B+96.9%
Stock-Based Comp

$16.6M

Previous: $12.7M+30.7%

Revenue & EPS history

Elanco · Revenue · Quarterly

$1.14B

Q4 2020+44.8%vs Q4 2019
Beat estimate in 12 of 13 quarters(92%)
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 is raising full year 2021 guidance for revenue, adjusted EBITDA, and adjusted earnings per share. Elanco is also raising full year 2021 guidance for reported EPS . Additionally, Elanco is introducing guidance for the first quarter of 2021, to provide further support to the cadence of expectations throughout the full year.

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 2020

Historical avgQ4 2020

+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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