Covetrus is a global animal-health technology and services company dedicated to empowering veterinary practice partners to drive improved health and financial outcomes. The company is bringing together products, services, and technology into a single platform that connects its customers to the solutions and insights they need to work best. Covetrus' passion for the well-being of animals and those who care for them drives them to advance the world of veterinary medicine. Covetrus is headquartered in Portland, Maine with more than 5,500 employees serving over 100,000 customers around the globe.
Company profile
Ticker
CVET
Exchange
Website
CEO
Benjamin Wolin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
HS Spinco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Abase Comércio e Representações Ltda • AH UK Animal Health (Pvt) Ltd • Animal Health Holding (Austria) B.V. • Animal Health Holding (Netherlands) B.V. • Animal Health Logistics LLC • Animal Healthcare Services Limited • Animalytix LLC • Anitek (Pty) Ltd. • Appointmaster LLC • Assistovet Systems SAS ...
IRS number
831448706
CVET stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
24 Oct 22
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 22
SC 13E3/A
Going private transaction (amended)
13 Oct 22
8-K
Clayton, Dubilier & Rice and TPG Complete Acquisition of Covetrus
13 Oct 22
25-NSE
Exchange delisting
13 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
11 Oct 22
8-K
Other Events
3 Oct 22
SC 13E3/A
Going private transaction (amended)
12 Sep 22
DEFM14A
Proxy related to merger
12 Sep 22
CT ORDER
Confidential treatment order
6 Sep 22
Transcripts
CVET
Earnings call transcript
2022 Q1
5 May 22
CVET
Earnings call transcript
2021 Q4
25 Feb 22
CVET
Earnings call transcript
2021 Q3
5 Nov 21
CVET
Earnings call transcript
2021 Q2
6 Aug 21
CVET
Earnings call transcript
2021 Q1
7 May 21
CVET
Earnings call transcript
2020 Q4
1 Mar 21
CVET
Earnings call transcript
2020 Q3
10 Nov 20
CVET
Earnings call transcript
2020 Q2
11 Aug 20
CVET
Earnings call transcript
2020 Q1
15 May 20
CVET
Earnings call transcript
2019 Q4
3 Mar 20
Latest ownership filings
SC 13D/A
CD&R VFC Holdings L.P.
13 Oct 22
4
Change in insider ownership
13 Oct 22
4
SANDRA L HELTON
13 Oct 22
4
PHILIP A LASKAWY
13 Oct 22
4
Matthew J. Foulston
13 Oct 22
4
DEBORAH G ELLINGER
13 Oct 22
4
Mark Jeffrey Manoff
13 Oct 22
4
Benjamin Wolin
13 Oct 22
4
Rebecca Ann Kidd
13 Oct 22
4
Matthew Malenfant
13 Oct 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Revenue | |||||
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| Operating income | |||||
| Operating margin | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 87.00 mm | 87.00 mm | 87.00 mm | 87.00 mm | 87.00 mm | 87.00 mm |
| Cash burn (monthly) | 10.00 mm | 11.92 mm | (no burn) | 1.17 mm | 2.00 mm | (no burn) |
| Cash used (since last report) | 172.41 mm | 205.45 mm | n/a | 20.11 mm | 34.48 mm | n/a |
| Cash remaining | -85.41 mm | -118.45 mm | n/a | 66.89 mm | 52.52 mm | n/a |
| Runway (months of cash) | -8.5 | -9.9 | n/a | 57.3 | 26.3 | n/a |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Oct 22 | Sachdev Ravi | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,095 | 0.00 | 0 |
| 13 Oct 22 | Sachdev Ravi | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 14,638 | 0.00 | 0 |
| 13 Oct 22 | Steven Paladino | Common Stock | Sale back to company | Dispose D | No | No | 0 | 74,844 | 0.00 | 0 |
| 13 Oct 22 | Steven Paladino | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 14,638 | 0.00 | 0 |
| 13 Oct 22 | McNamara Edward | Common Stock | Sale back to company | Dispose D | No | No | 0 | 31,807 | 0.00 | 0 |
| 13 Oct 22 | McNamara Edward | Employee Stock Option Common Stock | Sale back to company | Dispose D | No | No | 5.34 | 18,949 | 101.19 k | 0 |
| 13 Oct 22 | McNamara Edward | Employee Stock Option Common Stock | Sale back to company | Dispose D | No | No | 8.6 | 58,486 | 502.98 k | 0 |
| 13 Oct 22 | McNamara Edward | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 14,638 | 0.00 | 0 |
| 13 Oct 22 | Peterson Sandra E | Common Stock | Sale back to company | Dispose D | No | No | 0 | 23,664 | 0.00 | 0 |
| 13 Oct 22 | Peterson Sandra E | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 14,638 | 0.00 | 0 |