Patterson Cos. (PDCO) Misses Q1 EPS by 8c, Revenues Beat; Offers Revised FY19 EPS Outlook Below Consensus

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Go back to Patterson Cos. (PDCO) Misses Q1 EPS by 8c, Revenues Beat; Offers Revised FY19 EPS Outlook Below Consensus

Patterson Companies Reports Fiscal 2019 First-Quarter Results

August 30, 2018 7:00 AM EDT

First-quarter reported net sales totaled $1.3 billion, up 2.5 percent. First-quarter GAAP loss of $0.05 per diluted share. Company books reserve for anticipated settlement of In re Dental Supplies Litigation matter. First-quarter adjusted earnings1 of $0.26 per diluted share. Company generated $205.5 million of cash flow from operating activities and reduced debt by $160.6 million in the quarter. Company updates fiscal 2019 GAAP earnings range to $0.84 to $0.94 per diluted share and adjusted earnings1 range to... More