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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 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.
Patterson Companies reported fiscal Q3 2021 net sales of $1.55 billion, reflecting a 6.5% year-over-year increase. Net income surged to $48.8 million ($0.50 per share), up from $23.2 million ($0.24 per share) in Q3 2020. Adjusted net income rose 25.3% to $55.8 million ($0.58 per share). The Dental segment generated $648.9 million in sales, while Animal Health reached $894.3 million. Despite strong performance, the company refrained from giving Q4 guidance due to COVID-19 uncertainties.
Patterson Companies (Nasdaq: PDCO) will hold its fiscal 2021 third-quarter conference call on March 3, 2021, at 9 a.m. CT (10 a.m. ET). The earnings release will be available that morning before market opening. Interested investors can access the live webcast through the investor relations section on www.PattersonCompanies.com. A replay of the conference call will be accessible starting at 11 a.m. CT on the same day until March 10, 2021, at 10:59 p.m. CT. The company connects dental and animal health customers in North America and the U.K. with innovative solutions.
Patterson Companies, a leading distributor in animal and oral health markets, will present virtually at the 2021 J.P. Morgan Healthcare Conference on January 12, 2021, at 5:20 p.m. Eastern Time. This conference unites key players from the healthcare industry, innovative tech firms, and investors. Following the presentation, interested parties can download the session from pattersoncompanies.com in the Investor Relations section. Patterson focuses on providing cutting-edge products and solutions to ensure customer success.
On December 15, 2020, Patterson Companies declared a quarterly cash dividend of $0.26 per share, payable around January 29, 2021. Shareholders of record as of the close of business on January 15, 2021 will receive this payment. Patterson Companies connects dental and animal health markets in North America and the U.K. with essential products and services that promote operational success.
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