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Private company

COVETRUS, INC.

COVETRUS, INC. is an American Retail-Drug Stores and Proprietary Stores company.1 It is headquartered in Portland, Maine.1

Last updated Oct 21, 2026.

Overview

  • IndustryRetail-Drug Stores and Proprietary Stores1
  • HeadquartersPortland, Maine1
  • Incorporated inDE2
  • Business address7 Custom House Street, Portland, Me 041012
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

18.8%Gross margin3
-0.5%Operating margin3
-1.2%Net margin3
5.4%Revenue growth, 20213
-3.6%Return on equity3
0.67×Debt to equity3
$42.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue80¢$3.7B
  • Selling, general and admin19¢$881.0M
  • Interest1¢$32.0M

Out of $4.6B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending59¢$60.0M
  • Kept or used elsewhere41¢$42.0M

Out of $102.0M of cash from operations.3

Financial statements

Revenue453$4.6B in 2021+28% since 2017
0$2.0B$4.0B$6.0B2017: $3.6B$3.6B20172018: $3.8B$3.8B2018+6%2019: $4.0B$4.0B2019+5%2020: $4.3B$4.3B2020+9%2021: $4.6B$4.6B2021+5%
Gross profit453$858.0M in 2021+32% since 2017
0$250.0M$500.0M$750.0M$1.0B2017: $652.0M$652.0M20172018: $684.0M$684.0M2018+5%2019: $749.0M$749.0M2019+10%2020: $798.0M$798.0M2020+7%2021: $858.0M$858.0M2021+8%
Operating income453-$23.0M in 2021
-$1.0B-$500.0M0$500.0M2017: $135.0M$135.0M20172018: $137.0M$137.0M2018+1%2019: -$997.0M-$997.0M20192020: -$69.0M-$69.0M2020−93%2021: -$23.0M-$23.0M2021−67%
Net income453-$54.0M in 2021
-$1.0B-$500.0M0$500.0M2017: $64.0M$64.0M20172018: $101.0M$101.0M2018+58%2019: -$980.0M-$980.0M20192020: -$19.0M-$19.0M2020−98%2021: -$54.0M-$54.0M2021+184%
Fiscal year201620172018201920202021
Revenue$3.6B4$3.8B5$4.0B3$4.3B3$4.6B3
Cost of revenue$2.9B4$3.1B5$3.2B3$3.5B3$3.7B3
Gross profit$652.0M4$684.0M5$749.0M3$798.0M3$858.0M3
Selling, general and admin$517.0M4$547.0M5$808.0M3$867.0M3$881.0M3
Operating income$135.0M4$137.0M5-$997.0M3-$69.0M3-$23.0M3
Interest$2.0M4$3.0M5$54.0M3$46.0M3$32.0M3
Income before tax-$54.0M3
Income tax$48.0M4$37.0M5-$46.0M3-$7.0M3$03
Net income$64.0M4$101.0M5-$980.0M3-$19.0M3-$54.0M3
Earnings per share$0.904$1.415-$9.143-$0.223-$0.393
Earnings per share (diluted)$0.894$1.405-$9.143-$0.223-$0.393
Shares (weighted, basic)137.0M shares3
Shares (weighted, diluted)137.0M shares3

Compare COVETRUS, INC. with another company

Corporate structure

COVETRUS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of COVETRUS, INC.

  • COVETRUS, INC. Portland, Maine

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What COVETRUS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$279.0M3 Dec 31, 2021$222.0M3 Dec 31, 2020+25.7%
Property and equipment, net$144.0M3 Dec 31, 2021$116.0M3 Dec 31, 2020+24.1%
Finance-lease assets$1.0M5 Dec 31, 2020$2.0M5 Dec 31, 2019−50.0%
Operating-lease assets (leased space)$137.0M3 Dec 31, 2021$117.0M3 Dec 31, 2020+17.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$183.0M3 Dec 31, 2021$290.0M3 Dec 31, 2020−36.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.2B3 Dec 31, 2021$1.2B3 Dec 31, 2020+5.1%
Intangible assets, net (excluding goodwill)$439.0M3 Dec 31, 2021$555.0M3 Dec 31, 2020−20.9%
Finite-lived intangibles, gross$890.0M3 Dec 31, 2021$1.0B3 Dec 31, 2020−13.2%
Accumulated amortization$451.0M3 Dec 31, 2021$470.0M3 Dec 31, 2020−4.0%
Finite-lived intangibles, net$439.0M3 Dec 31, 2021$555.0M3 Dec 31, 2020−20.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$583.0M3 Dec 31, 2021$530.0M3 Dec 31, 2020+10.0%

Leadership

Who has led COVETRUS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Benjamin Shaw2019
  2. Benjamin Wolin2019–2022

President

  1. Steven Paladino2019
  2. Benjamin Shaw2019
  3. Benjamin Wolin2019–2022

Chief financial officer

  1. Steven Paladino2019
  2. Matthew J. Foulston2020–2022
20202025
Board members and other officers (33)

Former names

  • HS Spinco, Inc.Sep 14, 2018 to Feb 4, 20192

Timeline

  1. Oct 13, 20228-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale42
  2. Oct 11, 20228-K Shareholder vote43
  3. Oct 3, 20228-K Other events44
  4. Aug 24, 20228-K Regulation FD disclosure45
  5. Aug 11, 20228-K Executive or director change46
  6. Aug 4, 20228-K Results of operations47
  7. May 25, 20228-K Entered a material agreement48
  8. May 20, 20228-K Entered a material agreement49
  9. May 17, 20228-K Shareholder vote50
  10. May 5, 20228-K Results of operations51
  11. Feb 24, 20228-K Results of operations52
  12. Jan 12, 20228-K Results of operations; Regulation FD disclosure53
  13. Oct 23, 2019New chief executive Benjamin Wolin becomes CEO9
  14. Feb 19, 2019New chief executive Benjamin Shaw becomes CEO8

Calendar

When it reported results

  1. Aug 4, 2022Reported quarterly or annual results47
  2. May 5, 2022Reported quarterly or annual results51
  3. Feb 24, 2022Reported quarterly or annual results52
  4. Jan 12, 2022Reported quarterly or annual results53
  5. Nov 4, 2021Reported quarterly or annual results54

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

113 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 13 major events, 62 insider forms, 9 large holders, 25 other. The latest 20:

  1. Oct 24, 202215-12G EDGAR
  2. Oct 13, 20224 EDGAR
  3. Oct 13, 20224 EDGAR
  4. Oct 13, 20224 EDGAR
  5. Oct 13, 20224 EDGAR
  6. Oct 13, 20224 EDGAR
  7. Oct 13, 20224 EDGAR
  8. Oct 13, 20224 EDGAR
  9. Oct 13, 20224 EDGAR
  10. Oct 13, 20224 EDGAR
  11. Oct 13, 20224 EDGAR
  12. Oct 13, 20224 EDGAR
  13. Oct 13, 20224 EDGAR
  14. Oct 13, 20224 EDGAR
  15. Oct 13, 20224 EDGAR
  16. Oct 13, 20224 EDGAR
  17. Oct 13, 20224 EDGAR
  18. Oct 13, 20224 FORM 4 SUBMISSION EDGAR
  19. Oct 13, 2022SC 13D/A EDGAR
  20. Oct 13, 2022S-8 POS EDGAR

The 113 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 0 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 10, 2022Wolin BenjaminPresident and CEOSale5,292$20.82$110.2KForm 4
Aug 9, 2022Wolin BenjaminPresident and CEOSale5,292$20.80$110.1KForm 4
Jul 13, 2022Wolin BenjaminPresident and CEOSale5,292$20.70$109.5KForm 4
Jul 12, 2022Wolin BenjaminPresident and CEOSale5,293$20.75$109.8KForm 4
Jun 16, 2022McNamara EdwardDirectorSale34,525$20.52$708.5KForm 4
Jun 15, 2022Wolin BenjaminPresident and CEOSale5,293$20.54$108.7KForm 4
Jun 14, 2022Wolin BenjaminPresident and CEOSale5,293$20.60$109.0KForm 4
May 20, 2022Wolin BenjaminPresident and CEOSale41,925$20.50$859.5KForm 4
Dec 27, 2021Wolin BenjaminPresident and CEOSale26,320$20.00$526.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How COVETRUS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCOVETRUS, INC.1
  • CIK0001752836
  • Employer ID (EIN)83-14487061
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5912 Retail-Drug Stores and Proprietary Stores1
  • Business address7 Custom House Street, Portland, ME 041011
  • Phone888-280-22211
  • Shares outstanding139,970,837 as of Jul 29, 20227
  • Public float$2.8B as of Jun 30, 20213
  • On EDGAR sinceSep 14, 20181
  • Filings462 in all: 4 (256), 8-K (54), 3 (39), 10-Q (11), SC 13G/A (10), DEFA14A (9), 425 (7), SC 13D/A (6)1
    All 40 form types

    4/A (5), 424B3 (5), 8-K/A (5), SC 13E3/A (5), SC 13G (5), UPLOAD (5), 10-K (4), CORRESP (4), DEF 14A (4), PRER14A (3), DRS/A (2), PRE 14A (2), S-4/A (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERT (1), CT ORDER (1), D (1), DEFM14A (1), DRS (1), EFFECT (1), NT 10-Q (1), PREM14A (1), S-1 (1), S-4 (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2022
    Quarterly report (10-Q) Aug 4, 2022
    Proxy statement (DEF 14A) Apr 1, 2022
    Latest 8-K (8-K) Oct 13, 2022

Sources

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