Covetrus (CVET) Misses Q4 EPS by 20c, Revenues Beat
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Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results
March 1, 2021 7:00 AM ESTFourth quarter 2020 net sales of $1.1 billion, an increase of 11% year-over-year, and reported GAAP net loss of $4 million Non-GAAP organic net sales increased 12% year-over-year Non-GAAP adjusted EBITDA increased 19% year-over-year to $56 million Non-GAAP adjusted net income increased 40% year-over-year to $28 million Full-year 2020 net sales of $4.3 billion, an increase of 9% year-over-year, and reported GAAP net loss of $19 million Non-GAAP pro forma organic net sales increased 10% year-over-year Non-GAAP adjusted EBITDA increased 13% year-over-year to $226 million Non-GAAP adjusted net... More
