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Covetrus Announces Financial Results for First Quarter of 2021

(a) Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for non-GAAP financial items to the most directly comparable GAAP financial items are provided under Reconciliation of Non-GAAP Financial Measures at the end of this release.
First Quarter 2021 Results
Net sales for the first quarter of 2021 were $1.10 billion, an increase of 3% compared to the first quarter of 2020. Non-GAAP organic net sales, which adjusts for changes in foreign exchange and the impact from mergers, acquisitions and divestiture activity, increased 4% year-over-year, reflecting a healthy companion animal end-market, strong sales execution and strength in prescription management. These positive trends were partially offset by a difficult comparison from the prior year as a result of inventory stocking by some of the Company’s customers in many of its international markets during the ons ....

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Balchem Corporation Reports Record First Quarter Sales of $185.7 Million, Net Earnings of $23.4 ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Balchem Corporation Reports Record First Quarter Sales of $185.7 Million, Net Earnings of $23.4 .
Balchem CorporationApril 30, 2021 GMT
NEW HAMPTON, N.Y., April 30, 2021 (GLOBE NEWSWIRE) Balchem Corporation (NASDAQ: BCPC) reported today first quarter 2021 net earnings of $23.4 million, compared to net earnings of $19.8 million for the first quarter 2020, adjusted net earnings(a) of $28.4 million, compared to $26.4 million in the prior year quarter, and adjusted EBITDA(a) of $45.7 million, compared to $42.4 million in the prior year quarter.
First Quarter 2021 Financial Highlights:
Net sales were $185.7 million, an increase of $11.2 million, or 6.4%, compared to the prior year quarter, with year over year sales growth in all three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. ....

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Mohawk Industries, Inc.: Mohawk Industries Reports Q1 Results

Mohawk Industries, Inc.: Mohawk Industries Reports Q1 Results
CALHOUN, Georgia, April 29, 2021 (GLOBE NEWSWIRE) Mohawk Industries, Inc. (NYSE: MHK) today announced 2021 first quarter net earnings of $237 million and diluted earnings per share (EPS) of $3.36. Adjusted net earnings were $246 million, and EPS was $3.49, excluding restructuring, acquisition and other charges. Net sales for the first quarter of 2021 were $2.7 billion, up 16.8% as reported and 9.1% on a constant currency and days basis. For the first quarter of 2020, net sales were $2.3 billion, net earnings were $111 million and EPS was $1.54, adjusted net earnings were $119 million, and EPS was $1.66, excluding restructuring, acquisition and other charges.
Commenting on Mohawk Industries first quarter performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, Our outstanding performance in the period included all-time record sales and our highest ever first quarter EPS. Our business continued to strengt ....

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Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results

Press release content from Business Wire. The AP news staff was not involved in its creation.
Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results
March 1, 2021 GMT
PORTLAND, Maine (BUSINESS WIRE) Mar 1, 2021
Covetrus (Nasdaq: CVET), a global leader in animal-health technology and services, today reported financial results for the fourth quarter and full-year 2020, which ended December 31, 2020.
“Throughout 2020, veterinarians and animal healthcare providers did not skip a beat despite the uncertainty and impact created by COVID-19, and neither did Covetrus. As an essential business, we worked to meet and support our customers’ increased volumes and changing needs, including supporting them with our innovative online pharmacy service and the introduction of our telehealth capability in order to enable uninterrupted patient care,” said Ben Wolin, Covetrus president and chief executive officer. “We have responded and exceeded expectations ....

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Mohawk Industries Reports Q4 Results

Mohawk Industries Reports Q4 Results
/EIN News/ CALHOUN, Ga., Feb. 11, 2021 (GLOBE NEWSWIRE) Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 fourth quarter net profit of $248 million and diluted earnings per share (EPS) of $3.49. Adjusted net earnings were $252 million, and EPS was $3.54, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2020 were $2.6 billion, an increase of 9.0% as reported and 5.5% on a constant currency and days basis. For the fourth quarter of 2019, net sales were $2.4 billion, net earnings were $265 million and EPS was $3.68, which included a one-time tax benefit. Adjusted net earnings were $162 million, and EPS was $2.25, excluding restructuring, acquisition and other charges in addition to the one-time tax benefit. ....

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