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COVETRUS, INC. (CVET)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20Sep-30-20
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenues:  
    North America  2,850.02,780.02,719.02,651.02,572.02,461.02,376.02,289.0
    Europe  1,356.01,395.01,412.01,485.01,535.01,511.01,572.01,562.0
    APAC & Emerging Markets  456.0461.0461.0456.0448.0419.0402.0386.0
Total revenues  4,649.04,621.04,575.04,575.04,539.04,376.04,339.04,225.0
            Revenue growth   [+]2.4%5.6%5.4%8.3%10.3%6.7%9.1%9.1%
Cost of goods sold  3,767.03,748.03,717.03,723.03,706.03,571.03,542.03,446.0
Gross profit  882.0873.0858.0852.0833.0805.0797.0779.0
            Gross margin  19.0%18.9%18.8%18.6%18.4%18.4%18.4%18.4%
Selling, general and administrative   [+]883.0887.0881.0887.0891.0858.0867.0856.0
EBITDA   [+]165.0154.0148.0136.0113.0118.098.089.0
            EBITDA margin  3.5%3.3%3.2%3.0%2.5%2.7%2.3%2.1%
Depreciation and amortization  166.0168.0171.0171.0171.0170.0167.0131.0
EBIT   [+]-1.0-14.0-23.0-35.0-58.0-52.0-69.0-76.0
            EBIT margin  0.0%-0.3%-0.5%-0.8%-1.3%-1.2%-1.6%-1.8%
Interest expense  28.030.032.035.037.041.046.045.0
Other income (expense), net   3.01.010.0  91.075.0
Pre-tax income  -26.0-41.0-54.0-60.0-78.0-1.0-24.0-45.0
Income taxes  -13.0-1.00.0-6.07.00.0-6.0-32.0
            Tax rate   2.4%0.0%10.0%  25.0% 
Net income  -13.0-40.0-54.0-54.0-85.00.0-17.0-12.0
            Net margin  -0.3%-0.9%-1.2%-1.2%-1.9%0.0%-0.4%-0.3%
   
Basic EPS   [+]($0.09)($0.29)($0.39)($0.41)($0.67)$0.00($0.15)($0.11)
Diluted EPS   [+]($0.09)($0.29)($0.39)($0.41)($0.67)$0.00($0.15)($0.11)
   
Shares outstanding (basic)   [+]138.0137.3136.8132.0126.8120.5114.5111.8
Shares outstanding (diluted)   [+]138.0137.3136.8132.0126.8120.8114.8112.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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