Covetrus, Inc. Announces Consolidated Earnings Results for Quarter and Year Ended December 31, 2019; Provides Sales Guidance for the Fiscal Year 2020; Announces Impairment Charges for the Quarter Ended December 31, 2019
For the year, the company reported sales of $3,976 million against $3,778 million a year ago. Net loss was $1,022 million against income of $107 million a year ago. Basic loss per share was $9.50 against EPS of $1.41 a year ago.
For the fiscal year 2020, the company expects net sales of $4.025 billion to $4.125 billion. Embedded in this outlook is pro forma organic net sales growth.
For the quarter, the company reported goodwill impairment of $1 million.