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Best of NAMA 2024












9 MONTHS: ZOETIS' REVENUES UP 10%, NET INCOME UP 5%: $1.9 BILLION
Source: Zoetis news release

PARSIPPANY, N.J.-- Zoetis Inc. (NYSE:ZTS) today reported its financial results for the third quarter of 2024 and raised its full year 2024 guidance for revenue and adjusted EPS.

The company reported revenue of $2.4 billion for the third quarter of 2024, an increase of 11% compared with the third quarter of 2023. On an operational 1 basis, revenue for the third quarter of 2024 increased 14% compared with the third quarter of 2023. Net income for the third quarter of 2024 was $682 million, or $1.50 per diluted share, an increase of 14% and 16%, respectively, on a reported basis.

Adjusted net income 2 for the third quarter of 2024 was $716 million, or $1.58 per diluted share, an increase of 14% and 16%, respectively, on a reported basis, and an increase of 15% and 17%, respectively, on an operational basis. Adjusted net income for the third quarter of 2024 excludes the net impact of $34 million for purchase accounting adjustments, acquisition and divestiture-related costs and certain significant items.

EXECUTIVE COMMENTARY

"Building on the strong momentum from the first half of the year, we are proud to have delivered another excellent quarter, fueled by our diverse, durable, and science-driven portfolio and our customer obsession that underscore our market leadership," said Kristin Peck, Chief Executive Officer of Zoetis.

"We achieved 15% revenue growth in the U.S. and 13% operational revenue growth internationally, with both our companion animal and livestock portfolios seeing impressive global operational growth, 15% and 11%, respectively. Our track record of above-market growth speaks to our relentless focus on innovation and execution and the dedication and commitment of our colleagues."

To read the entire report click here.


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