---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021672"
form_type: "8-K"
ticker: null
cik: "0001668673"
company_name: "PetIQ, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:49:16.588688+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-021672
- form_type: 8-K
- cik: 0001668673
- company_name: PetIQ, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668673/000162828024021672/0001628280-24-021672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668673/000162828024021672/petq-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021672
- JSON: https://secwatch.observer/filing/0001628280-24-021672.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021672.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668673/000162828024021672/0001628280-24-021672-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.