Elanco Animal Health Inc. (NYSE:ELAN) Q1 2023 Results Conference Call May 9, 2023 9:00 AM ET

Company Participants

Katy Grissom - Head of Investor Relations

Jeff Simmons - President and Chief Executive Officer

Todd Young - Chief Financial Officer

Conference Call Participants

Chris Schott - JPMorgan

Erin Wright - Morgan Stanley

Balaji Prasad - Barclays

Umer Raffat - Evercore ISI

Michael Ryskin - Bank of America

Nathan Rich - Goldman Sachs Group

Jon Block - Stifel

David Westenberg - Piper Sandler

Brandon Vazquez - William Blair

Operator

Good morning, and welcome to Elanco Animal Health's First Quarter 2023 Earnings Call. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the call over to Katy Grissom, Head of Investor Relations. Thank you. Please go ahead.

Katy Grissom

Good morning. Thank you for joining us for Elanco Animal Health's First Quarter 2023 Earnings Call. I'm Katy Grissom, Head of Investor Relations. Joining me on today's call are Jeff Simmons, our President and Chief Executive Officer; Todd Young, our Chief Financial Officer; and Scott Purucker from Investor Relations.

The slides referenced during this call are available in the Investor Relations section of elanco.com. Today's discussion will include forward-looking statements. These statements are based on our current assumptions and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from our forecast. For more information, see the risk factors discussed in today's earnings press release as well as our latest Form 10-K and 10-Q filed with the SEC.

We do not undertake any duty to update any forward-looking statements. Our remarks today will focus on non-GAAP financial measures. Reconciliations of these non-GAAP measures are included in the appendix of today's slides and in the earnings press release. After our prepared remarks, we'll be happy to take your questions.

I'll now turn the call over to Jeff.

Jeff Simmons

Thanks, Katy. Good morning, everyone. As we open 2023, we're encouraged by our improving business results this quarter. We saw sequential improvement in many leading indicators of underlying demand and easing environmental factors that pressured our business in 2022. While we expect macro factors to persist, Elanco is making a necessary disciplined decision to stabilize the business and progress our innovation pipeline while focusing on improving our cash flow generation and returning to constant currency sales growth in the second half of this year.