Recap: Patterson Companies Q2 Earnings

Shares of Patterson Companies PDCO moved higher by 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 61.54% over the past year to $0.63, which beat the estimate of $0.38.

Revenue of $1,553,000,000 rose by 9.44% from the same period last year, which beat the estimate of $1,420,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Dec 02, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.pattersoncompanies.com%2F&eventid=2628510&sessionid=1&key=A8E5498E0CE1A286B4FD06381FC04D81&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $30.38

52-week low: $12.93

Price action over last quarter: Up 7.22%

Company Overview

Patterson is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through an acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market.