Farm Animal

Elanco Animal Health Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Shift, ERP, Schering-Plough, Selection, Research, Poultry, Sheep, Sale, European, Elanco, Farm Animal, GAAP, Pressure, Video game

Other expense was $34 million in the fourth quarter of 2023 on a reported basis, compared to $21 million in the fourth quarter of 2022.

Key Points: 
  • Other expense was $34 million in the fourth quarter of 2023 on a reported basis, compared to $21 million in the fourth quarter of 2022.
  • The reported effective tax rate was negative 11.1% in the fourth quarter of 2023 compared to 39.2% in the fourth quarter of 2022.
  • Adjusted EBITDA was $165 million in the fourth quarter of 2023, a decrease of 4% compared to the fourth quarter of 2022.
  • Cash provided by operations was $157 million in the fourth quarter of 2023 compared to $13 million in the fourth quarter of 2022.

Elanco Animal Health Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Health, Consumer, Agriculture, Pets, Natural Resources, Veterinary, FDA, Research, Sale, Farm Animal, Vaccine, Poultry, Cat, Pressure, EBITDA, Lubabegron, Weight gain, Treasury, Carbon, Article, JAK, Methane, Chronic kidney disease, Lotilaner, North American Pet Health Insurance Association, Anemia, Dog, Tick, Appetite, Video game, Pharmaceutical industry, Elanco, EU

In the third quarter of 2023, the Advantage® Family of products and Seresto® contributed $103 million and $41 million, respectively.

Key Points: 
  • In the third quarter of 2023, the Advantage® Family of products and Seresto® contributed $103 million and $41 million, respectively.
  • Asset impairment, restructuring and other special charges were $16 million in the third quarter of 2023 compared to $26 million in the third quarter of 2022.
  • The reported effective tax rate was 0.2% in the third quarter of 2023, compared to (47.7)% in the third quarter of 2022.
  • Adjusted EBITDA was $214 million in the third quarter of 2023, a 5% increase compared to the third quarter of 2022.

Elanco Animal Health Reports Second Quarter 2023 Results and Raises Full Year Guidance

Retrieved on: 
Monday, August 7, 2023
Health, Consumer, Agriculture, Pets, Natural Resources, Veterinary, Pressure, Note, Lubabegron, Debt-to-GDP ratio, Research, ERP, North American Pet Health Insurance Association, EBITDA, Farm Animal, EPS, Video game, Pharmaceutical industry, Elanco

Asset impairment, restructuring and other special charges were $35 million in the second quarter of 2023 compared to $86 million in the second quarter of 2022.

Key Points: 
  • Asset impairment, restructuring and other special charges were $35 million in the second quarter of 2023 compared to $86 million in the second quarter of 2022.
  • Other expense was $23 million in the second quarter of 2023, compared with income of $6 million in the second quarter of 2022.
  • The adjusted effective tax rate increased to 19.9% in the second quarter of 2023 compared to 13.2% in the second quarter of 2022, primarily driven by the jurisdictional mix of Elanco earnings and certain favorable return to provision adjustments that impacted the second quarter of 2022.
  • Adjusted EBITDA was $222 million in the second quarter of 2023, a 27% decrease compared to the second quarter of 2022.

Elanco Animal Health Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
Health, Consumer, Agriculture, Pets, Natural Resources, Veterinary, Vaccine, Pressure, Poultry, Research, ERP, North American Pet Health Insurance Association, EBITDA, Farm Animal, Growth, EPS, Adjustment, Pharmaceutical industry, Video game, Elanco, Aqua

Similar to the Pet Health business, Farm Animal revenue improved sequentially from the 3% constant currency decline in the fourth quarter of 2022.

Key Points: 
  • Similar to the Pet Health business, Farm Animal revenue improved sequentially from the 3% constant currency decline in the fourth quarter of 2022.
  • Charges recorded in the first quarter of 2023 primarily related to costs associated with the implementation of new systems, programs and processes due to the integration of Bayer Animal Health.
  • Reported and adjusted net interest expense was $64 million in the first quarter of 2023, an increase of $12 million, compared to the first quarter of 2022.
  • Adjusted EBITDA was $379 million in the first quarter of 2023, a 12% increase compared to the first quarter of 2022.

Elanco Animal Health Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 21, 2023
Health, Consumer, Agriculture, Pets, Natural Resources, Veterinary, EBITDA, JAK, Cattle, North American Pet Health Insurance Association, ERP, Dog, Diabetes, Methane, GAAP, Farm Animal, Pressure, Research, Travel, FDA, Dermatology, Growth, Advertising, Tax, CER, Tyrosine kinase inhibitor, U.S. FDA, Sale, Bayer, Selection, Cat, Pig, Vaccine, Poultry, EPA, Pharmaceutical industry, Video game, Elanco

Asset impairment, restructuring, and other special charges were $32 million in the fourth quarter of 2022, compared to $110 million in the fourth quarter of 2021.

Key Points: 
  • Asset impairment, restructuring, and other special charges were $32 million in the fourth quarter of 2022, compared to $110 million in the fourth quarter of 2021.
  • Reported net interest expense was $62 million in the fourth quarter of 2022, a 13% increase as compared to the fourth quarter of 2021.
  • The adjusted effective tax rate was negative 22.0% in the fourth quarter of 2022 as compared to 19.2% in the fourth quarter of 2021.
  • Adjusted EBITDA was $174 million in the fourth quarter of 2022, a decrease of 19% compared to the fourth quarter of 2021.

New undercover investigation at a pig farm reveals cruelty the industry is fighting to keep

Retrieved on: 
Tuesday, October 4, 2022
Congress, Douglas v. U.S. District Court ex rel Talk America, United States Court of Appeals for the Ninth Circuit, Animal, Supreme court, Supreme, National Pork Producers Council, 2018 California Proposition 12, Multimedia, List, Farm Animal, Mercy for Animals, United States farm bill, Law of the United Kingdom, District court, Sale, Boredom, NPPC, American Farm Bureau Federation

LOS ANGELES, Oct. 4, 2022 /PRNewswire/ -- Mercy For Animals on Tuesday released a new undercover investigation exposing the cruelty of gestation crates, metal enclosures used to contain mother pigs during their pregnancies. The never-before-seen footage reveals the horror of these crates just as the Supreme Court prepares to hear oral arguments in National Pork Producers Council v. Ross, the pork industry's challenge to California's 2018 ballot initiative that provides more space to calves, pigs, and hens and bans the sale of veal, pork, and egg products from animals in cramped confinement, such as mother pigs in gestation crates.

Key Points: 
  • They repeatedly bite the bars of their cages, a sign of serious mental collapse.
  • Sick and injured pigs, some with bloody wounds from cage bars, left to suffer without proper veterinary care.
  • Keeping highly intelligent, social animals confined for nearly their entire lives in cages so cramped they can't even turn around is blatant cruelty.
  • That's why we are urging Congress to add protections for pigs and other farmed animals to the upcoming Farm Bill."

Government invests in industry-led animal welfare activities

Retrieved on: 
Tuesday, February 19, 2019
Animal welfare, Farm Animal, Cruelty to animals

Fish welfare is a new and emerging animal welfare concern for which the industry needs to be able to demonstrate its commitment and alignment with public values and consumer expectations.

Key Points: 
  • Fish welfare is a new and emerging animal welfare concern for which the industry needs to be able to demonstrate its commitment and alignment with public values and consumer expectations.
  • "Our Government is proud to support the livestock and aquaculture sectors in their efforts to raise healthy, productive and well-cared animals.
  • We are pleased the Government of Canada has chosen to invest in this project to help improve farm animal well-being and address expectations of consumers and the marketplace."
  • The National Farm Animal Care Council (NFACC) is a collaborative partnership of diverse stakeholders created to share information and work together on farm animal care and welfare.