NYSE$ELAN
Elanco Animal Health Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Elanco's Q4 2022 results demonstrated dedication to the IPP strategy, with significant advancements in innovation pipeline and productivity gains.
Elanco Animal Health reported a revenue decrease of 11% in Q4 2022, but delivered operating cost discipline, contributing to an Adjusted EBITDA margin expansion of 90 basis points for the year. The company delivered expected submissions for two pet health potential blockbusters and added eight product approvals in major markets.
- Revenue was $988 million, an 11% decrease compared to Q4 2021.
- Pet Health revenue decreased by 14% to $423 million.
- Farm Animal revenue decreased by 9% to $552 million.
- Adjusted EBITDA was $174 million, a 19% decrease compared to Q4 2021.
Headline financials
Revenue & EPS history
Elanco · Revenue · Quarterly
$988M
Revenue by segment
Elanco · $808M total across 4 segments · Q4 2022
- Pet Health$423M—52.4%
- Cattle$190M—23.5%
- Swine$101M—12.5%
- Poultry$94M—11.6%
Forward guidance
Elanco is providing financial guidance for the full year 2023, anticipating revenue between $4,280 million and $4,400 million. For the first half of 2023, revenue is expected to be between $2.23 billion and $2.31 billion.
Tailwinds
- Accelerating growth from innovation products
- Increased price
- Improving dynamics in China
- Successfully executing systems integration
- Enhancing commercial excellence
Headwinds
- Continued pressure from competitive innovation in the U.S. pet health veterinary market
- Economic weakness in Europe and U.S.
- Impact on pet retail markets
- Headwind of approximately $10 million to $15 million from the unfavorable impact of foreign exchange rates compared to prior year (FY)
- Shift of approximately $40 million to $80 million in revenue into the first quarter of 2023 from what otherwise would have been expected in the second quarter of 2023 due to ERP system go-live in April 2023
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 2022
+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
| Quarter | Report date | Reaction (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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