Covetrus (CVET) Misses Q3 EPS by 26c
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Covetrus Announces Financial Results for Third Quarter of 2021
November 4, 2021 4:01 PM EDTThird quarter GAAP net sales of $1.16 billion, an increase of 3% year-over-year; non-GAAP organic net sales increased 3% year-over-year Third quarter GAAP net loss attributable to Covetrus of $(4) million versus GAAP net loss attributable to Covetrus of $(35) million in the prior year period; third quarter non-GAAP adjusted net income of $31 million, an increase of 3% year-over-year Third quarter non-GAAP adjusted EBITDA of $58 million, a decline of 2% year-over-year; non-GAAP adjusted EBITDA margin decreased 20 bp year-over-year to 5.0% Full-year 2021 non-GAAP organic net sales growth guidance of... More
