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Zoetis Inc. (symbol: ZTS) is a leading American pharmaceutical company and the world's largest producer of medicines and vaccinations for pets and livestock. Originally a subsidiary of Pfizer, Zoetis became an independent company following Pfizer’s spinoff of its 83% interest. Zoetis specializes in a wide range of products including anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals.
The company's revenue is split between production animals (cattle, pigs, poultry, etc.), which contribute approximately 35%, and companion animals (dogs, horses, cats), which account for nearly 65%. In the U.S., Zoetis' business is predominantly focused on companion animals, while its international operations have a slight inclination towards production animals. As an industry leader, Zoetis holds the largest market share and continues to lead in innovation and product development for animal health.
Recent achievements include the launch of new vaccines and diagnostic tools aimed at improving animal health and productivity. Financially, Zoetis remains robust with consistent revenue growth and strategic partnerships to expand its market reach. Current projects include advancing their R&D pipeline to develop next-generation animal health solutions and expanding their global footprint through acquisitions and collaborations.
Stay updated with the latest performance metrics, developments, and events related to Zoetis Inc. to make informed investment decisions.
Zoetis announced an updated U.S. label for Librela® (bedinvetmab injection), their once-monthly injectable treatment for canine osteoarthritis (OA) pain. The label update follows post-approval experience since the product's U.S. launch in October 2023, which has treated over one million dogs domestically.
The company maintains confidence in Librela's safety and effectiveness, noting that globally, with nearly 25 million doses distributed, adverse events remain rare - less than 10 occurrences per 10,000 treated animals. The product has been improving dogs' lives in Europe for four years.
Zoetis will immediately implement the updated label and Client Information Sheet, making them available on their website and to veterinarians. The company has conducted over 1,000 medical education webinars and provides extensive resources to support veterinarians in treating OA in dogs.
Zoetis Inc. (NYSE:ZTS) has announced a webcast and conference call scheduled for February 13, 2025, at 8:30 a.m. ET. During the event, CEO Kristin Peck and CFO Wetteny Joseph will present the company's fourth quarter and full year 2024 financial results and address questions from financial analysts. The public and investors can access the live webcast through the company's investor relations website. Pre-registration information is currently available, and a replay will be accessible on the same day.
Zoetis Inc. (NYSE:ZTS) has announced a 16% increase in its quarterly dividend payment for the first quarter of 2025. The new dividend of $0.50 per share will be paid on March 4, 2025, to shareholders of record as of January 21, 2025. CFO Wetteny Joseph attributed the increase to the company's strong performance, driven by their diverse, science-driven portfolio and differentiated execution, reaffirming their commitment to returning excess capital to shareholders.
Zoetis (NYSE:ZTS) has announced its participation in the Piper Sandler 36th Annual Healthcare Conference scheduled for Tuesday, December 3, 2024. Wetteny Joseph, Executive Vice President and Chief Financial Officer, will represent the company and engage with analysts during a Q&A session at 11:30 a.m. ET. The event will feature a live audio webcast accessible through the company's investor relations website, with a replay available afterward.
Zoetis (NYSE:ZTS) has announced major leadership changes, including the appointment of Jamie Brannan as Chief Commercial Officer in a newly created role overseeing all commercial markets globally. The restructuring aims to accelerate long-term growth and optimize global operations. Additional changes include Wafaa Mamilli's planned departure in early 2025, with Keith Sarbaugh promoted to EVP and Chief Digital & Technology Officer. Ester Banque will transition out of her role as EVP and President of U.S. Operations, with Jared Shriver promoted to President, U.S. Operations.
Zoetis (NYSE:ZTS) has announced its participation in the Jefferies London Healthcare Conference scheduled for Wednesday, November 20, 2024. Wetteny Joseph, Executive Vice President and Chief Financial Officer, will represent the company and engage with analysts at 3:00 p.m. GMT. The session will be accessible through a live audio webcast on the company's investor relations website, with a replay available afterward.
Zoetis (NYSE:ZTS) reported strong Q3 2024 results with revenue of $2.4 billion, up 11% year-over-year, and net income of $682 million ($1.50 per diluted share), increasing 14%. The company achieved 14% operational revenue growth, with U.S. revenue up 15% to $1.3 billion and International revenue growing 13% operationally to $1.0 billion. Companion animal products showed 15% global operational growth, while livestock products grew 11%. Based on strong performance, Zoetis raised its full-year 2024 guidance, projecting revenue between $9.200-$9.300 billion (10-11% operational growth) and adjusted EPS of $5.86-$5.92.
Phibro Animal Health (PAHC) has completed the acquisition of Zoetis' medicated feed additive portfolio and certain water-soluble products. The acquisition includes 37+ product lines across approximately 80 countries, six manufacturing sites in the U.S., Italy and China, and a team of over 300 employees. The portfolio is expected to enhance Phibro's profitability, EBITDA margin, and Adjusted Earnings Per Share. The deal expands Phibro's species and product portfolios across cattle, swine, and poultry sectors, complementing their existing lineup of vaccines, nutritional specialties, and mineral nutrition.
Zoetis Inc. (NYSE:ZTS), a leading animal health company, has announced its fourth quarter 2024 dividend. The Board of Directors has declared a dividend of $0.432 per share. This dividend will be paid on Tuesday, December 3, 2024, to shareholders of record as of the close of business on Thursday, October 31, 2024. This announcement demonstrates Zoetis' commitment to returning value to its shareholders through regular dividend payments.
Zoetis and Danone have announced a strategic partnership to drive sustainable practices in dairy farming through genetic innovation. The collaboration aims to leverage Zoetis' genetic technologies globally, focusing on animal well-being, reducing environmental impact, and promoting long-term resilience in dairy farming.
Zoetis, as Danone's preferred provider for genetic testing on dairy farms, will utilize its Dairy Wellness Profit Index® (DWP$®) from CLARIFIDE® Plus. This multi-trait animal ranking selection index helps estimate the potential lifetime profit of Holstein and Jersey cattle, incorporating critical wellness traits, production, fertility, and other factors.
The partnership aims to improve environmental, resource, and operational sustainability outcomes in dairy farming. Recent studies have shown potential benefits for sustainability, methane reduction, farm profitability, and animal welfare through genetic improvements.
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