Patterson Companies Reports Fiscal 2021 First-Quarter Operating Results
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Patterson Cos. (PDCO) Tops Q1 EPS by 10c, Revenues Beat
September 3, 2020 7:05 AM EDTPatterson Cos. (NASDAQ: PDCO) reported Q1 EPS of $0.33, $0.10 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.18 billion.
Delivered first quarter GAAP earnings of $0.25 per diluted share; adjusted earnings1 were $0.33 per diluted share, an increase of 22 percent year-over-year.Increased adjusted operating margin1 by 40 bps year-over-year to 3.8 percent, due to aggressive cost savings measures, sequentially improving sales during the first quarter and operational execution.Dental and Animal Health segments recovering... More