Last10K.com

Zoetis Inc. (ZTS) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Zoetis Inc.

CIK: 1555280 Ticker: ZTS

EXHIBIT 99.1

zoetisca04a01a01a01a01a181a.jpg


Zoetis Announces Third Quarter 2020 Results

Reports Revenue of $1.8 Billion, Growing 13%, and Net Income of $479 Million, or $1.00 per Diluted Share, Both Increasing 11% on a Reported Basis, for Third Quarter 2020
Reports Adjusted Net Income of $524 Million, or Adjusted Diluted EPS of $1.10 for Third Quarter 2020
Delivers 15% Operational Growth in Revenue and 20% Operational Growth in Adjusted Net Income for Third Quarter 2020
Increases Full Year 2020 Revenue Guidance to $6.550 - $6.625 Billion and Diluted EPS of $3.38 - $3.45 on a Reported Basis, or $3.76 - $3.81 on an Adjusted Basis

PARSIPPANY, N.J. – Nov. 5, 2020 -
Zoetis Inc. (NYSE: ZTS) today reported its financial results for the third quarter of 2020 and increased its guidance for full year 2020.

The company reported revenue of $1.8 billion for the third quarter of 2020, an increase of 13% compared with the third quarter of 2019. Net income for the third quarter of 2020 was $479 million, or $1.00 per diluted share, both increasing 11% on a reported basis.

Adjusted net income1 for the third quarter of 2020 was $524 million, or $1.10 per diluted share, an increase of 15%, on a reported basis. Adjusted net income for the third quarter of 2020 excludes the net impact of $45 million for purchase accounting adjustments, acquisition-related costs and certain significant items.

On an operational2 basis, revenue for the third quarter of 2020 increased 15%, excluding the impact of foreign currency. Adjusted net income for the third quarter of 2020 increased 20% operationally, excluding the impact of foreign currency.

EXECUTIVE COMMENTARY
“Thanks to the resilience of our customers and the commitment of our colleagues during this ongoing pandemic, we generated better than expected results in the third quarter, with 15% operational growth in revenue and 20% operational growth in adjusted net income,” said Kristin Peck, Chief Executive Officer of Zoetis. “Our diverse and innovative portfolio drove strong sales, especially across our companion animal business, where parasiticides, vaccines, key dermatology products and diagnostics performed very well. We also saw growth in livestock this quarter, largely due to sales growth in both the U.S. cattle market and China’s swine market.”
1 |

The following information was filed by Zoetis Inc. (ZTS) on Thursday, November 5, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Zoetis Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Zoetis Inc..

Continue

Assess how Zoetis Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Zoetis Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Other
Filter by Subcategory:
All
Expense
Earnings
Geography
Income
Product
Shares
Debt
Other
Inside Zoetis Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Operations (Unaudited)
Accounting Standards
Accounting Standards (Policies)
Acquisitions And Divestitures
Acquisitions And Divestitures (Details)
Acquisitions And Divestitures - Preliminary Fair Values Allocated (Details)
Acquisitions And Divestitures - Supplemental Pro Forma Financial Information (Details)
Basis Of Presentation
Commitment And Contingencies (Policies)
Commitments And Contingencies
Commitments And Contingencies (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Commercial Paper Program (Details)
Financial Instruments - Credit Facilities (Details)
Financial Instruments - Fair Value Of Debt (Details)
Financial Instruments - Fair Value Of Derivative Instruments (Details)
Financial Instruments - Foreign Exchange Risk (Details)
Financial Instruments - Interest Rate Risk (Details)
Financial Instruments - Long-Term Debt Maturity (Details)
Financial Instruments - Schedule Of Long-Term Debt (Details)
Financial Instruments - Senior Notes Offering And Other Long-Term Debt (Details)
Financial Instruments Cross-Currency Forward-Exchange Contracts (Details)
Financial Instruments Cross-Currency Interest Rate Swap Contracts (Details)
Financial Instruments Derivative Notional Amounts (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Goodwill (Details)
Goodwill And Other Intangible Assets - Narrative (Details)
Goodwill And Other Intangible Assets - Other Intangible Assets (Details)
Income Taxes
Income Taxes - Deferred Taxes (Details)
Income Taxes - Tax Contingencies (Details)
Income Taxes - Taxes On Income (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Organization
Organization (Details)
Other (Income)/Deductions - Net
Other (Income)/Deductions - Net (Details)
Other (Income)/Deductions - Net (Tables)
Restructuring Charges And Other Costs Associated With Acquisitions And Cost-Reduction/Productivity Initiatives
Restructuring Charges And Other Costs Associated With Acquisitions And Cost-Reduction/Productivity Initiatives (Details)
Restructuring Charges And Other Costs Associated With Acquisitions And Cost-Reduction/Productivity Initiatives (Tables)
Revenue
Revenue - Narrative (Details)
Revenue - Revenue By Geographic Area (Details)
Revenue - Revenue By Major Species (Details)
Revenue - Revenue By Product (Details)
Revenue - Revenue By Species (Details)
Revenue Revenue Recognition And Deferred Revenue (Tables)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Segment Information Selected Statement Of Income (Details)
Segment Information Selected Statement Of Income Narrative (Details)
Share-Based Payments
Share-Based Payments - Components Of Share-Based Compensation Expense (Details)
Share-Based Payments - Narrative (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Changes In Accumulated Other Comprehensive Loss (Details)
Stockholders' Equity - Changes In Common Shares And Treasury Stock (Details)
Subsequent Events
Subsequent Events (Details)
Ticker: ZTS
CIK: 1555280
Form Type: 10-Q Quarterly Report
Accession Number: 0001555280-20-000316
Submitted to the SEC: Thu Nov 05 2020 12:43:34 PM EST
Accepted by the SEC: Thu Nov 05 2020
Period: Wednesday, September 30, 2020
Industry: Pharmaceutical Preparations

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/zts/0001555280-20-000316.htm