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Elanco sees Q3 adjusted EPS 12c-16c, consensus 13c

Sees Q3 revenue $1.08B-$1.11B, consensus $1.09B. Sees Q3 adjusted EBITDA $160M-$180M. The company said, “In the third quarter, Elanco (ELAN) expects a tailwind to revenue of approximately $10 million from the favorable impact of foreign exchange rates compared to prior year. Excluding the impacts of foreign exchange rates and royalty revenue sold to a third party, the company expects 4% to 6% organic constant currency revenue growth. The company anticipates growth to be impacted by approximately $15 million in revenue and approximately $10 million in Adjusted EBITDA of pre-tariff customer buying accelerated into the second quarter, primarily in China. The company expects operating expenses up approximately 8% year over year in constant currency with strategic investment in the global launches of the innovation portfolio.”

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