Elanco Animal Health (ELAN) Tops Q1 EPS by 16c
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Elanco Animal Health Reports First Quarter 2023 Results
May 9, 2023 6:34 AM EDTFirst Quarter 2023 Financial Results Revenue of $1,257 million, including an estimated $90-$110 million benefit from customer purchasing shifted from the second quarter into the first as a result of ERP system commercial ordering blackout period for legacy Bayer Animal Health products in April Reported Net Income of $103 million, Adjusted Net Income of $220 million Adjusted EBITDA of $379 million or 30.2% of Revenue Reported EPS of $0.21, Adjusted EPS of $0.45 Net leverage ratio of 5.4x Adjusted EBITDA Raising the bottom... More
