Mike Curry's questions to Elanco Animal Health Inc (ELAN) leadership • Q2 2025
Question
Mike Curry, representing Umer Raffat from Evercore ISI, asked for a breakdown of Credelio Quattro's uptake between new puppy starts and switches from other products. He also requested an overview of the current macro trends affecting the farm animal business, broken down by species in the U.S. versus international markets.
Answer
President and CEO Jeffrey Simmons reiterated that about 70% of Quattro's business comes from competitive switches and new starts but did not provide a more detailed breakdown. For the farm animal business, he described strong producer economics in U.S. beef due to low supply and high demand; improved economics in U.S. swine; strong global poultry demand driven by high beef prices; and a more stable dairy business than seen in recent years.