Patterson Cos. (PDCO) Misses Q4 EPS by 13c, Revenue Beats, Offers Guidance

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Go back to Patterson Cos. (PDCO) Misses Q4 EPS by 13c, Revenue Beats, Offers Guidance

Patterson Companies Reports Fiscal 2021 Fourth-Quarter and Year End Operating Results

June 23, 2021 7:00 AM EDT

Fourth-quarter reported net sales increased 21.4 percent year-over-year to $1.56 billion, and internal sales increased 23.5 percent. Fourth-quarter GAAP earnings of $0.30 per diluted share and adjusted earnings per share of $0.38 per diluted share. Fiscal 2021 reported net sales increased 7.7 percent compared to fiscal 2020, and internal sales increased 8.2 percent. Fiscal 2021 Dental segment internal sales increased 10.4 percent and fiscal 2021 Animal Health segment internal sales increased 7.7 percent. Delivered fiscal 2021 GAAP earnings of $1.61 per diluted share and adjusted earnings1 of $1.91 per diluted share, an increase of 23.2 percent over fiscal 2020. Issues fiscal 2022 GAAP earnings... More