Zoetis · Q1 2022 earnings

Briefing

Reported revenue of $2.0 billion, growing 6%, and net income of $595 million, or $1.26 per diluted share, increasing 6% and 8%, respectively, on a reported basis.

Zoetis reported a strong first quarter in 2022, with revenue reaching $2.0 billion, a 6% increase compared to the previous year. Net income increased by 6% to $595 million, with diluted earnings per share rising by 8% to $1.26. Adjusted net income was $625 million, or $1.32 per diluted share, representing a 4% increase. The company has updated its full-year guidance to reflect the negative impact of foreign exchange rates.

• Revenue reached $2.0 billion, a 6% increase, with net income at $595 million, up 6%.
• Operational revenue growth was strong at 9%, and adjusted net income grew by 8% operationally.
• The U.S. segment saw a 9% increase in revenue, driven by companion animal products.
• The international segment grew by 3% on a reported basis and 8% operationally, with companion animal products as a key driver.

Headline financials

Revenue & EPS history

Zoetis is updating its full year 2022 guidance due to the negative impact of recent changes to foreign exchange rates, and this includes: Revenue between $8.225 billion to $8.375 billion, Reported diluted EPS between $4.65 to $4.77, Adjusted diluted EPS between $4.99 to $5.09.