Eli Lilly’s 1Q18 Earnings by Segment


Dec. 4 2020, Updated 10:53 a.m. ET

Business segments

Eli Lilly’s (LLY) products are classified into two business segments: Human Pharmaceutical Products and Animal Health Products.

The above chart compares the segments’ quarterly revenues since 1Q17.

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Human Pharmaceutical Products

The Human Pharmaceutical Products segment includes oncology, cardiology, neuroscience, endocrinology, and other products. It contributed 86.6% of the company’s total revenues in 1Q18. Total sales for the segment increased 11% to $4.9 billion in 1Q18 compared to 1Q17. Growth was driven by the strong performances of Alimta, Basaglar, Cyramza, Humalog, Humulin, Jardiance, Lartruvo, Olumiant, Taltz, Trajenta, and Trulicity.

US sales increased 10% in 1Q18, driven by an 8% positive impact of prices and a 2% growth in volumes. Sales from European markets increased 17%, driven by a 7% growth in sales volumes and a 15% positive impact of foreign exchange, partially offset by a 5% decrease in prices. Sales from Japanese markets increased 6%, driven by a 5% increase in volumes and a 5% positive impact of foreign exchange, partially offset by a 3% decrease in prices.

Elanco: The Animal Health Products segment

Eli Lilly operates its Animal Health Products segment through Elanco. In 1Q18, Elanco contributed 13.4% of the company’s total revenues with revenues of $761.3 million, a 1% decline compared to 1Q17. The decline was driven by an 8% decrease in volumes, offset by a 3% positive impact of foreign exchange and a 5% positive impact of higher realized prices.

At constant exchange rates, the Human Pharmaceutical Products segment reported a 7% growth in revenues, while the Animal Health Products segment reported a 4% decline. Overall revenues increased 5% at constant exchange rates in 1Q18.

The iShares US Pharmaceuticals ETF (IHE) holds 6.2% of its total investments in Eli Lilly (LLY), 9% in Pfizer (PFE), 10.3% in Johnson & Johnson (JNJ), and 8.5% in Merck & Co. (MRK).

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