PetIQ, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
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PetIQ, Inc. (PETQ) Misses Q4 EPS by 31c, Revenues Beat
February 25, 2021 5:24 PM ESTPetIQ, Inc. (NASDAQ: PETQ) reported Q4 EPS of ($0.41), $0.31 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $164.2 million versus the consensus estimate of $146.05 million.
Fourth Quarter 2020 Highlights Compared to Prior Year Period
Net sales of $164.2 million compared to $154.3 million, an increase of 6.4%Product segment net sales of $145.1 million compared to $134.9 million, an increase of 7.5%Product adjusted EBITDA increased 44.8% to $24.8 million, representing an adjusted EBITDA margin of 17.1%, an increase of 440 basis pointsServices Segment net revenues of $19.2 million compared to $19.4 million, a decrease of 1.5%, reflecting a continuation of... More