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Covetrus Inc.  (CVET)
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What are Covetrus's Business Segments?



Covetrus Inc. is a leading animal health technology and services provider that offers a range of products and services to support veterinarians, pet owners, and animal health organizations worldwide. The company operates in three segments, which are:

1. Technology and Software Solutions:
Covetrus provides innovative and advanced technology-based solutions to optimize the workflow of veterinary practices. The company's technology solutions include software, hardware, and online tools to manage inventory, billing, medical records, and other business operations. Some of the popular software products offered by Covetrus include:

- Covetrus Practice Management: A cloud-based veterinary practice management solution that streamlines and automates key operations like scheduling, medical records, billing, and inventory management.
- VetInsite: A client communication platform that allows veterinary practices to stay in touch with pet owners and provide them with relevant updates about their pet's health and wellness.
- ePrescribe: An electronic prescription management system that simplifies the prescription process by enabling veterinarians to transmit prescriptions directly to pharmacies.

2. Diagnostics, Pharmaceuticals, and Consumables:
Covetrus provides a wide range of high-quality diagnostic, pharmaceutical, and consumable products to support the health and wellbeing of animals. The company's portfolio includes a broad range of products from several leading manufacturers, which ensures that its customers have access to the highest quality products at competitive prices. Covetrus offers the following products under this segment:

- Laboratory Diagnostics: Covetrus offers a range of laboratory diagnostic products, including blood tests, fecal exams, urine analysis, and other diagnostic services that help vets diagnose and treat various conditions.
- Pharmaceuticals: Covetrus offers a wide range of animal health products, including prescription drugs, vaccines, nutritional supplements, and other medications that help vets treat various medical conditions and infections.
- Consumables: The company provides an extensive range of consumable products that are used in veterinary clinics daily, like syringes, gloves, catheters, IV fluids, and other supplies.

3. Services:
Covetrus provides a wide range of professional services to support veterinary practices and animal healthcare providers. These services include:

- Consulting: Covetrus offers a consulting service to help veterinary practices improve their operations, reduce costs and improve profitability.
- Education: The company provides educational resources to veterinary professionals to enhance their knowledge, including webinars, digital courses, veterinary CE and more.
- Marketing & Communication: Covetrus offers marketing and communication services to help veterinary clinics grow their business, attract new clients, and improve brand recognition.

Overall, Covetrus offers a comprehensive suite of animal health technology-based products and services, which help improve the animal healthcare industry's efficacy and efficacy.
   

Covetrus Tax Rate Companies within the Pharmacy Services & Retail Drugstore Industry


Business Segments Q2
Revenues
(in millions $)
Q2
Income
(in millions $)
(Jun 30 2022)
%
(Profit Margin)
Total 1,217.00 -4.00 -

Growth rates by Segment Q2
Y/Y Revenue
%
(Jun 30 2022)
Q/Q Revenue
%
Q2
Y/Y Income
%
(Jun 30 2022)
Q/Q Income
%
Total 2.35 % 6.01 % - -

To get more information on Covetrus's Total segment. Select each division with the arrow.


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