ELAN - Elanco Non-GAAP EPS of $0.45 beats by $0.16 revenue of $1.26B beats by $80M

2023-05-09 06:35:41 ET

• Elanco press release ( NYSE: ELAN ): Q1 Non-GAAP EPS of $0.45 beats by $0.16 .
• Revenue of $1.26B (+2.4% Y/Y) beats by $80M .
• Net leverage ratio of 5.4x Adjusted EBITDA
• Raising the bottom end of full year 2023 guidance ranges to reflect current assumptions:
  • Revenue of $4,310 to $4,400 million vs $4.33B consensus
  • Reported Net Loss of $(134) to $(98) million, Reported diluted EPS of $(0.27) to $(0.20)
  • Adjusted EPS of $0.76 to $0.83 vs $0.78 consensus, Adjusted EBITDA of $940 to $1,000 million
  • Net leverage ratio expected at 5.3x to 5.8x Adjusted EBITDA at year-end 2023

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