(photo courtesy of Elanco Animal Health)
by: Wes Mills, Inside INdiana Business
Posted:
Feb 24, 2021 / 04:52 PM EST
GREENFIELD, Ind. (Inside INdiana Business) Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) is reporting a full-year net loss of $560 million in 2020, compared to net income of $67.9 million the previous year. Despite the drop, Elanco President and Chief Executive Officer Jeff Simmons say the company is entering 2021 “with good momentum.”
The company is also reporting a fourth-quarter loss of nearly $323 million, compared to a loss of $9.5 million during the same period a year ago.
“Fourth quarter revenue surpassed our guidance as U.S. Pet Health, U.S. Farm Animal, and China swine outperformed our expectations,” said Simmons.
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