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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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