Patterson Cos. (NASDAQ: PDCO) reported Q4 EPS of $0.69, $0.04 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.47 billion.

• Fourth-quarter reported net sales totaled $1.4 billion. Full fiscal-year reported net sales rose to $5.6 billion.
• Fourth-quarter GAAP earnings from continuing operations were $0.65 per diluted share. Adjusted earnings1 from continuing operations totaled $0.69 per diluted share.
• Full-year GAAP earnings from continuing operations were $1.82 per diluted share. Adjusted earnings1 from continuing operations were $2.34 per diluted share.
• Company initiates adjusted earnings1 guidance for fiscal 2018 of $2.25 to $2.40 per diluted share.

GUIDANCE:

Patterson Cos. sees FY2018 EPS of $2.25-$2.40.

Fiscal 2018 GuidancePatterson today established its fiscal 2018 earnings guidance from continuing operations, which is provided on both a GAAP and non-GAAP adjusted1 basis:

• GAAP earnings are expected to be in the range of $1.90 to $2.05 per diluted share.
• Non-GAAP adjusted earnings1 are expected to be in the range of $2.25 to $2.40 per diluted share.
• Our non-GAAP adjusted earnings1 guidance excludes the after-tax impact of:
• Deal amortization expense of approximately $25.5 million ($0.27 per diluted share)
• Integration and business restructuring expenses of approximately $6.4 million ($0.07 per diluted share)
• Transaction-related costs of approximately $0.3 million ($0.00 per diluted share)

For earnings history and earnings-related data on Patterson Cos. (PDCO) click here.