Covetrus (CVET) Reports Q3 Revenue Beat

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Covetrus Announces Financial Results for Third Quarter of 2019

November 12, 2019 7:00 AM EST

GAAP net sales of $1.0 billion, an increase of 10% year-over-year; non-GAAP pro forma organic net sales increased 5% year-over-year
 Net loss of $906 million, including a non-cash goodwill impairment charge of $939 million; non-GAAP adjusted net income of $19 million, a decline of 10% year-over-year on a pro forma basis
 Non-GAAP adjusted EBITDA of $49 million, a decline of 4% year-over-year on a pro forma basis
 Non-GAAP 2019 pro forma adjusted EBITDA expected to be in a range of $190 million to $196 million

PORTLAND, Maine, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Covetrus(Nasdaq:... More