2023-08-07 06:37:46 ET
- Elanco press release ( NYSE: ELAN ): Q2 Non-GAAP EPS of $0.18 beats by $0.13 .
- Revenue of $1.06B (-10.2% Y/Y) beats by $20M .
- Adjusted EBITDA of $222 million or 21.0% of Revenue.
- Net leverage ratio of 5.9x Adjusted EBITDA.
- Raising full year 2023 guidance ranges to reflect current assumptions:
- Revenue of $4,350 to $4,410 million vs. consensus of $4.35B.
- Reported Net Loss of $127 to $170 million, Reported diluted EPS of $(0.34) to $(0.26).
- Adjusted EPS of $0.80 to $0.89 vs. consensus of $0.80, Adjusted EBITDA of $950 to $1,010 million.
- Net leverage ratio expected at 5.5x to 5.8x Adjusted EBITDA at year-end 2023.
For further details see:
Elanco beats Q2 top and bottom line estimates; raises FY23 outlook