Revenue Flat on Operational Declines
Total revenue was essentially flat, decreasing $6M, with an operational decline of 2% driven by volume decreases from key franchises and the MFA divestiture, partially offset by other in-line product growth and favorable foreign exchange of 2%.
U.S. Companion Animal Weakness
U.S. companion animal revenue fell 11% due to heightened competitive pressure on Simparica Trio and dermatology, price sensitivity, and generic erosion on Cerenia and Convenia, partially offset by livestock growth from cattle product demand related to the New World screwworm outbreak.
International Growth Driven by New Products
International segment operational revenue grew 5%, led by parasiticides, small animal diagnostics, and mAb pain products (Lenivia and Portela), with additional benefit from favorable FX of $35M (3%) primarily from the Brazilian real and euro.