WOLFSPEED, INC.
WOLFSPEED, INC. (WOLF) Stock News
The latest WOLF headlines and market coverage — 1 recent story, updated throughout the day.
- Benzinga·
GREY WOLF ANIMAL HEALTH REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS
TORONTO , May 21, 2026 /CNW/ - Grey Wolf Animal Health Corp. (TSXV: WOLF ) ("Grey Wolf" or the "Company"), a Canadian diversified health company, today announced financial results for the three months ended March 31, 2026. Highlights Revenue for the quarter increased year over year by 10.5% to $8.8 million. Gross profit increased year over year by 13.5% to $4.7 million for the quarter. Adjusted EBITDA 1 increased year over year by 16.6% to $1.5 million for the quarter. Introducing a 5-year financial target to organically double Adjusted EBITDA 1 by the end of 2030. "We posted a solid first quarter for both revenue and Adjusted EBITDA," said Angela Cechetto, Chief Executive Officer. "Our Pharmacy business grew organically by 8.8% to $5.6 million due to an increase in sales of compounded products. Meanwhile, our Animal Health revenue grew by 13.8% to $3.1 million year-over-year resulting from an increase in sales of established products, new products introduced during the prior year and an increase in commission revenue. Adjusted EBITDA 1 for the quarter increased year-over-year by 16.6% to $1.5 million as a result of higher revenue and gross profits. During 2026, we will continue to advance our growth strategy by investing in key initiatives to support future scale, including the development of a new facility, implementation of an ERP system and continued investment in personnel." Ms. Cechetto continued, "Our five-year financial goals are grounded in a commitment to invest in our people, facilities and processes. As a result of these investments, we have set a target to organically double Adjusted EBITDA 1 by the end of 2030. We are also actively pursuing acquisition opportunities to meaningfully augment this organic growth plan over the same horizon." Key Financial Data and Comparative Results Three months ended Mar 31, 2026 Mar 31, 2025 Revenue $8,753,736 $7,921,835