Covetrus (CVET) Reports Q1 Loss of $0.11/sh

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Go back to Covetrus (CVET) Reports Q1 Loss of $0.11/sh

Covetrus Announces Financial Results for First Quarter of 2021

May 6, 2021 4:05 PM EDT

First quarter GAAP net sales of $1.10 billion, an increase of 3% year-over-year; non-GAAP organic net sales increased 4% year-over-year First quarter GAAP net loss of $16 million versus a net loss of $33 million in the prior year period; first quarter non-GAAP adjusted net income of $29 million, an increase of 45% year-over-year First quarter non-GAAP adjusted EBITDA of $57 million, an increase of 19% year-over-year; non-GAAP adjusted EBITDA margins increased 70 bp year-over-year to 5.2% Full-year 2021 non-GAAP adjusted EBITDA guidance increased by $5 million to a new range of... More