Covetrus (CVET) Q3 Revenue Tops Consensus

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Go back to Covetrus (CVET) Q3 Revenue Tops Consensus

Covetrus Announces Financial Results for Third Quarter of 2020

November 10, 2020 4:05 PM EST

Third quarter GAAP net sales of $1.13 billion, an increase of 11% year-over-year; non-GAAP organic net sales increased 12% year-over-year  Third quarter GAAP net loss of $35 million; third quarter non-GAAP adjusted net income of $30 million, an increase of 58% year-over-year Third quarter non-GAAP adjusted EBITDA of $59 million, an increase of 20% year-over-year Ended the third quarter of 2020 with more than $650 million in available liquidity, including $355 million in cash and cash equivalents on the balance sheet Full year 2020 non-GAAP adjusted EBITDA guidance increased to a range of $213 million to $218... More