Covetrus (CVET) Reports Q1 Loss Per Share of $0.30

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Covetrus Announces Financial Results for First Quarter of 2020

May 14, 2020 4:06 PM EDT

First quarter GAAP net sales of $1.07 billion, an increase of 13% year-over-year; non-GAAP pro forma organic net sales increased 10% year-over-year
 First quarter GAAP net loss of $33 million as compared to a GAAP net loss of $13 million in the prior year period; first quarter non-GAAP adjusted net income of $20 million, an increase of 5% year-over-year on a pro forma basis
 First quarter non-GAAP adjusted EBITDA of $48 million, a decline of 4% year-over-year on a pro forma basis, and at the high-end of the preliminary range released last... More