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Elanco Provides Update on Contract Manufacturing Partner

Sep 13, 2024•almost 2 years ago

Contract Type

contract

GreenfieldManufacturingBiotechnologyAgriculture and FarmingHealth CareAnimal FeedPetVeterinary

Description

Elanco Animal Health Incorporated provided an update on its relationship with contract manufacturing supplier, TriRx Speke Ltd, indicating a reduction of approximately $5 million to $10 million of adjusted EBITDA in 2024 related to the situation. Despite this, Elanco continues to expect to deliver its full-year adjusted EBITDA guidance of $900 million to $940 million.

Company Information

Company

Elanco Animal Health

Location

Greenfield, Massachusetts, United States

About

Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy PurposeTM Sustainability Pledges –all to advance the health of animals, people, and the planet. Learn more at elanco.com.

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