PetIQ Q1 2024: record net sales $308.4M, net income $14.9M, raises FY outlook

PetIQ, Inc.

2024-Q1 EPS reported $0.48 revenue$308,443,000

Net sales $308.4M (+6.2% YoY), at high end of guidance; net income $14.9M (+47.8%).
Adjusted EBITDA $35.3M (+15.0%), above Q1 guidance of $31-33M; margin 11.4%.
Products segment net sales $276.9M (+6.9%); manufactured products sales up 14.3%.
Company raises full-year 2024 outlook on strong year-to-date results.
Completed sale of foreign subsidiary Mark & Chappell for ~$4.0M on April 30, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PetIQ, Inc. reported the first quarter ended March 31, 2024 results: revenue $308.4 million, net income $14.9 million, EPS $0.48. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $308.4 million
Net income: $14.9 million
EPS: $0.48
Guidance: raised
Result: reported results

Exact text from the filing

PetIQ, Inc. Reports First Quarter 2024 Financial Results Reports Record First Quarter 2024 Net Sales of $308.4 Million Achieves Record First Quarter Net Income Record Adjusted EBITDA Exceeds Company's First Quarter 2024 Guidance Raises Full Year 2024 Outlook

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Source: SEC EDGAR

accession 0001628280-24-021672

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