Covetrus (CVET) Misses Q4 EPS by 45c, Revenue Beats, Offers Guidance

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Go back to Covetrus (CVET) Misses Q4 EPS by 45c, Revenue Beats, Offers Guidance

Covetrus Names Benjamin Wolin Chief Executive Officer, Announces Fourth Quarter and Full Year 2019 Financial Results

March 3, 2020 4:06 PM EST

Board of directors announces acting chief executive officer Benjamin Wolin to serve as president and CEO
 Fourth quarter net sales of $1.0 billion, an increase of 12% year-over-year; non-GAAP pro forma organic net sales increased 4% year-over-year
 Fourth quarter net loss of $37 million; non-GAAP adjusted net income of $20 million, a decline of 5% year-over-year on a pro forma basis
 Fourth quarter non-GAAP adjusted EBITDA of $47 million, a decline of 10% year-over-year on a pro forma basis
 Full year 2019 net sales of $4.0 billion, an increase of 5% year-over-year; non-GAAP... More