Patterson Cos. (PDCO) Misses Q2 EPS by 9c; Revises Outlook
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Patterson Companies Reports Fiscal 2024 Second Quarter Operating Results
November 29, 2023 7:00 AM ESTSecond quarter reported net sales increased 1.6 percent year-over-year to $1.65 billion. Internal sales increased 1.0 percent year-over-year, driven by dental consumables growth of 2.9 percent; excluding certain infection control products, internal sales of dental consumables increased 4.7 percent year-over-year. Delivered second quarter GAAP earnings of $0.42 per diluted share and adjusted earnings of $0.50 per diluted share. Returned $85.9 million to shareholders through dividends and share repurchases. Revises fiscal 2024 GAAP earnings guidance to $2.04 to $2.14 per diluted share and adjusted earnings1 guidance of $2.35 to $2.45 per diluted share.
ST. PAUL, Minn.--(BUSINESS... More

