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26 February 2024

Elanco Animal Health Reports Fourth Quarter and Full Year 2023 Results

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Post by: Colleen Parr Dekker

  • Fourth Quarter 2023 Financial Results:
    • Revenue of $1,035 million
    • Reported Net Loss of $141 million, Adjusted Net Income of $39 million
    • Adjusted EBITDA of $165 million or 15.9% of Revenue
    • Reported EPS of $(0.29), Adjusted EPS of $0.08
    • Net leverage ratio of 5.6x Adjusted EBITDA
  • Full Year 2023 Financial Results:
    • Revenue of $4,417 million
    • Reported Net Loss of $1,231 million, Adjusted Net Income of $439 million
    • Adjusted EBITDA of $979 million or 22.2% of Revenue
    • Reported EPS of $(2.50), Adjusted EPS of $0.89
  • Full Year 2024 Guidance:
    • Revenue of $4,450 to $4,540 million
    • Reported Net Loss of $17 to $62 million, Adjusted EBITDA of $960 to $1,010 million
    • Reported EPS of $(0.12) to $(0.03), Adjusted EPS of $0.87 to $0.95
    • Guidance includes full year contribution of the company's aqua business and does not consider contribution from expected launches of three blockbuster-potential products
  • Announced strategic restructuring impacting approximately 420 personnel, resulting in a charge to 2024 reported results of $50 to $55 million and generating approximately $30 to $35 million in annualized savings, which the company plans to reinvest in more significant value creation opportunities 

GREENFIELD, IN (February 26, 2024) - Elanco Animal Health Incorporated (NYSE: ELAN) today reported its financial results for the fourth quarter and full year 2023 and provided initial guidance both for the first quarter and full year 2024.

To view full Press Release, click here.


Investor Contact

Kathryn Grissom

+1.317.273.9284

kathryn.grissom@elancoah.com

Media Contact

Colleen Parr Dekker

+1.317.989.7011

colleen.dekker@elancoah.com

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