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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 Inc. (Nasdaq: PDCO) will present virtually at the 2022 J.P. Morgan Healthcare Conference on January 12, 2022, at 9:00 a.m. Eastern time. This conference gathers leaders from the healthcare industry and investment community to discuss emerging trends and fast-growth companies. Following the presentation, attendees can download the presentation from pattersoncompanies.com under the Investor Relations section. Patterson Companies is a distributor focused on dental and animal health markets, providing innovative solutions across North America and the U.K.
On December 14, 2021, Patterson Companies (NASDAQ: PDCO) announced a quarterly cash dividend of $0.26 per share, set to be paid on February 4, 2022. This dividend will benefit shareholders recorded by January 21, 2022. Patterson Companies connects dental and animal health customers in North America and the U.K., offering a wide range of products and services to enhance operational success.
Patterson Companies (Nasdaq: PDCO) announced the election of Philip McKoy to its Board of Directors, effective December 13, 2021. Currently the Chief Information Officer of Optum, McKoy brings valuable expertise from leading digital transformations at major firms. He fills the seat of Fran Malecha, who resigned for personal reasons. Chairman John D. Buck expressed excitement for McKoy's contributions, aiming to enhance Patterson's technology offerings and drive shareholder value.
Patterson Companies reported fiscal Q2 2022 net sales of $1.65 billion, marking a 6.2% year-over-year increase. Internal sales rose by 8.3%. The company’s GAAP earnings were $0.49 per diluted share, while adjusted earnings reached $0.58 per diluted share. The Animal Health segment saw a significant 16.2% increase in internal sales, while the Dental segment experienced a 2.0% decline. The company updated its fiscal 2022 GAAP earnings guidance to a range of $1.69-$1.79 per diluted share, reflecting confidence in ongoing business momentum.
Patterson Companies (NASDAQ: PDCO) has announced a conference call for its fiscal 2022 second quarter on December 1, 2021, at 7:30 a.m. CT (8:30 a.m. ET). The earnings release will be issued that morning before the market opens. A replay of the call will be available from 10 a.m. CT on December 1 until 10 p.m. CT on December 8. The company provides innovative solutions in the dental and animal health sectors across North America and the U.K..
Patterson Companies, Inc. (Nasdaq: PDCO) announced a quarterly cash dividend of $0.26 per share, set to be paid on or about November 5, 2021. Shareholders of record as of October 22, 2021 will receive this dividend, reflecting the company’s ongoing commitment to returning value to its investors. Patterson Companies connects dental and animal health customers in North America and the U.K. with innovative products and services to enhance operational success.
Patterson Companies reported net sales of $1.61 billion for Q1 fiscal 2022, reflecting a 29.6% year-over-year increase. Internal sales rose 21.1%. The Dental segment's internal sales grew 29.7% year-over-year, while the Animal Health segment's increased 16.5%. GAAP earnings were $0.35 per diluted share, with adjusted earnings of $0.43, marking a 30% rise compared to last year. The company raised its fiscal 2022 GAAP earnings guidance to $1.64 to $1.74 per diluted share and adjusted earnings guidance to $1.95 to $2.05 per diluted share.
Patterson Companies (Nasdaq: PDCO) will host its fiscal 2022 first-quarter conference call on September 2, 2021, at 7:30 a.m. CT. The earnings release will be available before market opening on the same day. Investors can access the live webcast through the company’s website. A replay of the call will be available from 10 a.m. CT on September 2 until 10 p.m. CT on September 9, 2021
Patterson Dental Supply, a subsidiary of Patterson Companies (Nasdaq: PDCO), announced leadership changes effective July 19, 2021, aimed at accelerating growth in the dental market. Eric Shirley is appointed Senior Vice President of Business Development, focusing on future growth opportunities. Tim Rogan has been promoted to President, overseeing the dental business in North America. Both will report to CEO Mark Walchirk, who expressed confidence in the growth potential of the dental market under this new leadership structure.
Patterson Companies, Inc. (Nasdaq: PDCO) reported consolidated net sales of $1.56 billion for Q4 fiscal 2021, a 21.4% increase year-over-year. The company achieved a net income of $28.8 million or $0.30 per diluted share, reversing a loss of $608.6 million in Q4 fiscal 2020. Full-year sales totaled $5.91 billion, a 7.7% growth, while adjusted net income rose to $185.0 million, or $1.91 per diluted share. For fiscal 2022, the company expects GAAP earnings between $1.61 to $1.76 and non-GAAP adjusted earnings between $1.90 to $2.05 per share.
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