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Patterson Companies, Inc. (Symbol: PDCO) is a leading specialty distributor in the dental and veterinary supply markets. The company is dedicated to addressing the needs of healthcare professionals by offering a comprehensive range of products and services. Patterson operates through two primary business segments: Patterson Dental and Patterson Animal Health, providing a 'total-package' approach for their customers.
Patterson Dental offers a virtually complete range of consumable dental products, advanced equipment, cutting-edge software, turnkey digital solutions, and value-added services. They cater to dentists and dental laboratories throughout North America, ensuring that professionals have access to the latest technology and supplies.
Patterson Animal Health, which includes Patterson Veterinary Supply and Animal Health International, is a major distributor of consumable supplies, equipment, software, diagnostic products, vaccines, and other pharmaceuticals. Their market extends to companion pets, production animals, and farm/fleet store markets across the United States, Canada, and the United Kingdom.
With a strong emphasis on continuous improvement and customer satisfaction, Patterson Companies has established strategic partnerships and invested in innovative solutions to stay ahead in these growing markets. The company's largest revenue segment is Animal Health, contributing significantly to its financial performance. Geographically, the majority of its revenue comes from the United States.
For the latest updates on Patterson Companies, including news on financial performance, product launches, and industry developments, visit their official website at www.pattersoncompanies.com.
Patterson Companies reported first quarter net sales of $1.52 billion, a 5.7% decline year-over-year. GAAP earnings were $0.25 per diluted share, down from $0.35 last year, while adjusted earnings were $0.32 versus $0.43 in the prior year. The Dental segment saw net sales of $557.9 million, with a 0.9% decrease in internal sales, while Animal Health achieved $960.4 million in sales, marking a 5.7% increase. The company affirmed its fiscal 2023 guidance for GAAP earnings between $1.96 to $2.06 per diluted share.
Patterson Companies (Nasdaq: PDCO) is set to hold its fiscal 2023 Q1 earnings conference call on September 1, 2022, at 7:30 a.m. CT. A press release with earnings details will be available before market opening. The conference call can be accessed via the company's investor relations website, and a replay will be available from 10 a.m. CT on the same day until 10 p.m. CT on September 7, 2022. Patterson Companies connects customers in North America and the UK with innovative products and services.
Patterson Companies reported a 4.9% increase in net sales for Q4, totaling $1.64 billion, and 9.9% growth for fiscal 2022, reaching $6.5 billion. GAAP earnings for Q4 were $0.65 per share, while adjusted earnings were $0.71. The company returned $136.1 million to shareholders through dividends and repurchases in fiscal 2022. Fiscal 2023 guidance estimates GAAP earnings between $1.96 to $2.06 per share, despite anticipated macroeconomic challenges.
Patterson Companies (PDCO) has announced its fiscal 2022 fourth quarter and year-end conference call scheduled for June 29, 2022, at 7:30 a.m. CT. Earnings will be released on the same day before the market opens. A live webcast will be accessible via the company’s investor relations website. The replay will be available starting 10 a.m. CT on June 29 through July 6, 2022. Patterson Companies connects dental and animal health customers in North America and the U.K. with innovative products and services.
On June 14, 2022, Patterson Companies (NASDAQ: PDCO) declared a quarterly cash dividend of $0.26 per share. This dividend will be distributed on or about August 5, 2022 to shareholders of record as of the close of business on July 22, 2022. Patterson Companies connects dental and animal health customers in North America and the U.K. with innovative products and services, vying for operational success.
Weave has announced a new partnership with Patterson Dental, integrating its customer communication platform with the Fuse cloud-based dental practice management software. This collaboration aims to enhance patient communication for dental practices nationwide. The integration provides automated features such as data syncing, review requests, and customized messaging, streamlining operations for Fuse users. With Weave, practices can efficiently manage patient interactions while improving customer engagement and operational success.
Patterson Companies, Inc. (Nasdaq: PDCO) will participate in the Piper Sandler Virtual Dental Investor Day on March 29, 2022, at 2:00 pm ET. Interested investors can hear the presentation live via webcast at this link. A replay will be available for 90 days post-event. Patterson Companies connects dental and animal health customers in North America and the U.K. with essential products and services to achieve professional success.
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Patterson Companies (Nasdaq: PDCO) reported a 2.9% year-over-year increase in consolidated net sales, totaling $1.6 billion for the fiscal third quarter ended January 29, 2022. Adjusted operating margins improved in both the Dental and Animal Health segments. GAAP earnings per diluted share rose to $0.58, with adjusted earnings of $0.55. The company raised fiscal 2022 GAAP earnings guidance to $1.86 to $1.91 per diluted share, reflecting positive business momentum.
Patterson Companies (NASDAQ: PDCO) will hold its fiscal 2022 third-quarter earnings conference call on March 2, 2022, at 7:30 a.m. CT. The earnings release will be distributed before the market opens that day. Investors can access the live webcast on the company's website. A replay will be available from 10 a.m. CT on the same day until 10 p.m. CT on March 9, 2022. Patterson Companies connects dental and animal health customers in North America and the U.K. with innovative products and services.
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