Patterson Companies Reports Fiscal 2019 Fourth-Quarter and Year-End Operating Results
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Patterson Cos. (PDCO) Misses Q4 EPS by 2c, Revenues Beat; Initiates FY20 EPS Guidance Below Consensus
June 27, 2019 7:04 AM EDTPatterson Cos. (NASDAQ: PDCO) reported Q4 EPS of $0.37, $0.02 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.43 billion.
Delivered fourth consecutive quarter of year-over-year sales growth. Fourth-quarter reported net sales increased 2.6 percent to $1.4 billion and internal sales increased 4.1 percent.Animal Health segment internal sales increased 4.1 percent, representing continued strong performance in both Companion Animal and Production Animal businesses.Dental segment internal sales increased 4.2 percent, marking second consecutive quarter of... More