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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.
For Q4 2021, Zoetis reported $2.0 billion in revenue, marking a 9% increase year-over-year. Net income rose to $414 million or $0.87 per diluted share. For the full year, revenue reached $7.8 billion, a 16% growth, with net income at $2.0 billion or $4.27 per share. Zoetis anticipates 2022 revenues between $8.325 billion to $8.475 billion, projecting operational growth of 9% to 11%. The company achieved significant sales growth in its companion animal products, despite declines in livestock products due to competition and pricing pressures.
Zoetis Inc. (NYSE:ZTS) has announced a quarterly dividend of $0.325 per share, set for payment on June 1, 2022. This dividend will be distributed to all stockholders on record as of April 21, 2022. With a strong revenue of $6.7 billion in 2020, Zoetis stands as a leader in animal health, providing innovative solutions worldwide. This financial return reflects Zoetis's commitment to its shareholders and reinforces its robust market position.
Zoetis Inc. (NYSE:ZTS) announced FDA approval for Solensia™, the first injectable monoclonal antibody treatment for feline osteoarthritis (OA) pain. This once-monthly injection targets Nerve Growth Factor (NGF), effectively controlling OA pain and enhancing feline mobility and well-being. Studies show that 77% of cat owners observed improved pain signs in their cats after treatment. With nearly 40% of cats affected by OA, Solensia addresses a crucial need in veterinary care. It is anticipated to be available to veterinarians in the second half of 2022.
Zoetis (NYSE:ZTS) announced its commitment to achieving carbon neutrality in its operations by 2030. The initiative includes transitioning to 100% renewable energy, highlighted by a virtual power purchase agreement with Vesper Energy to supply 33% of its North American operational energy needs. Currently, 9 out of 28 manufacturing sites and several offices are already using 100% renewable electricity. Zoetis aims to enhance energy efficiency and transparency regarding emissions, reinforcing its sustainability leadership in animal health.
Zoetis (NYSE:ZTS) will participate in the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022. CEO Kristin Peck is scheduled to present at 1:30 p.m. ET and will answer questions from analysts. Interested investors can access a live audio webcast of the presentation at http://investor.zoetis.com/events-presentations, with a replay available afterward. Zoetis is a leading animal health company with a revenue of $6.7 billion in 2020, supporting animal care globally.
Zoetis Inc (NYSE:ZTS) will host a webcast and conference call on Feb. 15, 2022, at 8:30 a.m. (ET) to discuss fourth quarter and full year 2021 financial results. CEO Kristin Peck and CFO Wetteny Joseph will present the results and answer questions from analysts. Investors can access the live event on the Zoetis website, with a replay available later that day. Zoetis, a leading animal health company, generated $6.7 billion in revenue in 2020 and operates in over 100 countries, focusing on innovation in animal care.
Zoetis Inc. (NYSE:ZTS) has announced a $3.5 billion share repurchase program to enhance shareholder value, extending over multiple years and potentially cancellable. This follows the completion of a previous $2.0 billion buyback program set for 2022. Additionally, the company declared a $0.325 per share dividend for Q1 2022, marking a 30% increase from 2021. These actions reflect Zoetis' strong financial performance and commitment to returning capital to shareholders.
Zoetis reported a strong financial performance for Q3 2021, with revenue of $2.0 billion, an 11% increase year-over-year, and net income of $552 million, up 15%. Adjusted net income rose to $597 million, or $1.25 per diluted share, marking a 14% increase. The company is optimistic, raising its full-year revenue guidance to $7.700 - $7.750 billion and diluted EPS to $4.23 - $4.29. Key growth drivers included strong sales in petcare products and new monoclonal antibodies, despite facing challenges in livestock product sales.
Zoetis Inc. (NYSE:ZTS) announced the appointment of Robert J. Polzer, PhD, as Executive Vice President and President of Research & Development effective January 1, 2022. He succeeds Dr. Catherine Knupp, who plans to retire after leading Zoetis' R&D efforts since the company's inception in 2013. Under her guidance, Zoetis launched over 1,100 new products in five years and established a strong portfolio in animal health. Polzer, previously Senior VP of Global Therapeutics, brings over 20 years of R&D experience and aims to drive continuous innovation in Zoetis' diverse product pipeline.
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