Patterson Cos. (PDCO) Tops Q2 EPS by 5c; Raises FY20 EPS Guidance
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Patterson Companies Reports Fiscal 2020 Second-Quarter Operating Results
December 5, 2019 7:00 AM ESTSecond-quarter reported net sales increased 1.0 percent to $1.42 billion, and internal sales increased 1.9 percent. Adjusted operating margin increased year-over-year by 40 bps to 4.0 percent. Dental segment internal sales increased 4.2 percent driven by strong equipment sales, improving trends in consumables and value-added services performance. Animal Health segment internal sales increased 0.7 percent as strong Companion Animal performance offset macro challenges in the Production Animal business. Company made significant progress toward the resolution of legal matters and recorded reserve for agreement in principle with the U.S. Attorneys Office for the Western... More
