The company said revenue for Q1 2024 rose 10% year over year to $2.2 billion, and net income was $599 million ($1.31 per diluted share). It said revenue growth on an operational basis, which excludes the impact of foreign exchange, was 12%.

1. 01

   The company said revenue for Q1 2024 rose 10% year over year to $2.2 billion, and net income was $599 million ($1.31 per diluted share). It said revenue growth on an operational basis, which excludes the impact of foreign exchange, was 12%.

2. 02

   The company said adjusted net income for Q1 2024 was $634 million ($1.38 per adjusted diluted share), an increase of 4% on a reported basis and 15% on an operational basis. The adjustments excluded the net impact of $35 million for purchase accounting adjustments, acquisition-related costs and certain significant items.

3. 03

   Zoetis said U.S. segment revenue for Q1 2024 was $1.2 billion, up 16%, and International segment revenue was $1.0 billion, up 3% on a reported basis and 8% on an operational basis. The company attributed U.S. companion animal sales growth of 25% and a 7% decline in livestock sales to these results.

4. 04

   The company updated its full-year 2024 revenue outlook to $9.050 billion to $9.200 billion (operational growth of 8.5% to 10.5%) and gave adjusted diluted EPS guidance of $5.71 to $5.81. It said the outlook reflects foreign exchange rates as of late April.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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