Zoetis Sees 11% Operational Growth in Revenue, Driven by Strong Companion Animal Sales
Zoetis Inc. [ZTS] reported a profit of $780 million for the second quarter of 2024, ending on June 30. This figure represents a slight decrease from the previous quarter's profit of $872 million.
The company, headquartered in Parsippany, N.J., reported to SEC in an 8-K filing $1.37 earnings per share in the quarter, compared to $1.45 in the previous quarter.
Zoetis, a key player in the Animal Health industry, reported revenue of $2.36 billion. This represents an 8% increase compared to the previous quarter.
In comparison to the same quarter in the previous year, Zoetis saw a revenue increase of 8%. The company also experienced an 11% decrease in profit for the current quarter compared to the same quarter of the previous year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|
Income Statement |
| Revenue | $2,190.0 | $8,544.0 | $2,151.0 | $2,180.0 |
| Net Income | | $2,344.0 | $596.0 | $670.0 |
| Net Cash | -$66.0 | -$1,540.0 | -$1,827.0 | -$1,864.0 |
| Gross Margin | $1,547.0 | $5,983.0 | $1,513.0 | $1,573.0 |
| Profit as % of Revenues | 70.64 | 70.03 | 70.34 | 72.16 |
| Profit as % of Assets | | 16.05 | 4.11 | 4.67 |
| Profit as % of Stockholder Equity | | 46.96 | 11.75 | 14.50 |
| Return on Equity | 0.00 | 46.96 | 2.38 | 14.50 |
| Return on Assets | 0.00 | 16.41 | 0.86 | 4.87 |
| Turnover Ratio | 0.15 | 0.58 | 0.15 | 0.15 |
Balance Sheet |
| Total Assets | $14,348.0 | $14,286.0 | $14,106.0 | $13,749.0 |
| Total Liabilities | $9,296.0 | $9,295.0 | $9,032.0 | $9,128.0 |
Cash Flow Statement |
| Operating Cash Flow | $595.0 | $2,353.0 | $1,456.0 | $732.0 |
| Investing Cash Flow | -$131.0 | -$777.0 | -$567.0 | -$296.0 |
| Financing Cash Flow | -$524.0 | -$3,109.0 | -$2,712.0 | -$2,296.0 |
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