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In a release dated August 6th, Zoetis (ZTS) reported on results for the second quarter of fiscal 2020 ending June 30th.  The Company reported net income of $377 million on revenue of $1,548 million.  These values correspond to the second quarter of 2019 with net earnings of $371 million on sales of $1,547 million.  EPS advanced from $0.77 in the second quarter of FY 2019 to $0.79 for the most recently completed quarter.

Total revenue from companion animal products amounted to $882 million (57.0 per cent of Company sales) revenue from livestock products amounted to $649 million (41.9 percent).  The remainder was derived from other products and services. 

In the U.S. sales of livestock products represented 27.8 percent of U.S. Company revenue of $823 million, down 19 percent from Q2 2019.  International sales of livestock products represented 59.3 percent of non-U.S. Company revenue of $708 down three percent from Q2 2019.  Poultry products represented 20.8 percent of livestock sales of $649, a six percent decline from 2019.

In commenting on Q2 results, Kristin Peck, CEO stated, "as an essential business supporting the global food supply and the care of people's pets during the pandemic, Zoetis demonstrated greater resiliency than expected in the second quarter with four percent operational growth in revenue and four percent operational growth in adjusted net income".  She added "our strong companion animal portfolio based on our internal innovations helped offset some of the deeper challenges in the livestock market".