Welcome to our dedicated page for Patterson Cos news (Ticker: PDCO), a resource for investors and traders seeking the latest updates and insights on Patterson Cos stock.
Patterson Companies Inc (PDCO) delivers essential dental and veterinary supplies, equipment, and practice management solutions across North America and the UK. This news hub provides investors and healthcare professionals with timely updates on corporate developments, financial performance, and industry leadership.
Access consolidated coverage of PDCO's earnings announcements, product innovations, and strategic partnerships. Our repository includes press releases on dental technology integrations, veterinary supply chain expansions, and operational milestones impacting healthcare providers.
Key updates feature Patterson Dental's software advancements and Patterson Animal Health's diagnostic equipment launches. Track regulatory filings, leadership changes, and market positioning updates critical for informed analysis.
Bookmark this page for streamlined monitoring of PDCO's evolving role in healthcare distribution. Verify time-sensitive filings through official SEC sources while leveraging our aggregation for comprehensive market awareness.
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.
Patterson Companies reported consolidated net sales of $1.56 billion for the fourth quarter of fiscal 2021, a 21.4% increase year-over-year. The company turned a net profit of $28.8 million, or $0.30 per diluted share, compared to a net loss of $608.6 million in Q4 2020. Adjusted net income was $36.6 million, or $0.38 per diluted share. For the full fiscal year, net sales reached $5.91 billion, up 7.7% year-over-year, with reported net income of $156.0 million, or $1.61 per diluted share. The company anticipates fiscal 2022 GAAP earnings between $1.61 and $1.76 per diluted share.
Patterson Companies (Nasdaq: PDCO) will host its fiscal 2021 fourth-quarter and year-end conference call on June 23, 2021, at 7:30 a.m. CT. Earnings will be released that morning before market opening. The live webcast can be accessed via the investor relations section of the company's website. A replay of the call will be available from 10 a.m. CT on June 23 through June 30. The company provides products and services to the dental and animal health sectors, emphasizing operational success and customer support.
Patterson Companies, Inc. (Nasdaq: PDCO) declared a quarterly cash dividend of $0.26 per share on June 15, 2021. This dividend will be payable on or about August 6, 2021, to shareholders of record as of the close of business on July 23, 2021. Patterson aims to connect dental and animal health customers with innovative products and services, enhancing operational success in North America and the U.K.
Patterson Veterinary Supply, a subsidiary of Patterson Companies (Nasdaq: PDCO), has successfully completed its acquisition of Miller Vet Holdings, LLC. The integration aims to combine Miller Vet’s operations and sales team with Patterson Veterinary’s existing facilities. George Henriques, president of the companion animal division, expressed enthusiasm about enhancing customer service through this acquisition, highlighting Miller Vet's strong reputation in the veterinary sector. The terms of the deal were not disclosed.
Patterson Veterinary Supply, a part of Patterson Companies (Nasdaq: PDCO), has announced its agreement to acquire the assets of Miller Vet Holdings, a regional veterinary distributor. This acquisition aims to enhance Patterson's presence in the companion animal market, providing operational leverage and synergies. The integration will occur within Patterson's existing facilities, with many Miller Vet sales representatives expected to join Patterson. While financial terms remain undisclosed, the deal is anticipated to close in the first fiscal quarter of FY2022.
Patterson Companies (Nasdaq: PDCO) announced a new share repurchase authorization of up to $500 million for its common stock, effective through March 16, 2024. This replaces an expired authorization with no repurchases made. Additionally, the Board declared a quarterly cash dividend of $0.26 per share, payable around April 30, 2021 to shareholders of record by April 16, 2021.
