Patterson Companies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 27, 2024
February 28, 2024 at 05:30 pm IST
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Patterson Companies, Inc. reported earnings results for the third quarter and nine months ended January 27, 2024. For the third quarter, the company reported sales was USD 1,616.1 million compared to USD 1,600.85 million a year ago. Net income was USD 47.7 million compared to USD 53.93 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.55 a year ago.
For the nine months, sales was USD 4,845.61 million compared to USD 4,750.32 million a year ago. Net income was USD 118.9 million compared to USD 132.59 million a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 1.37 a year ago. Diluted earnings per share from continuing operations was USD 1.26 compared to USD 1.35 a year ago.
Patterson Companies, Inc. is a value-added specialty distributor serving the United States and Canadian dental supply markets and the United States, Canadian and United Kingdom animal health supply markets. The Companyâs segments include Dental, Animal Health and Corporate. Its Dental segment provides consumable products (including infection control, restorative materials, and instruments); basic and advanced technology and dental equipment, and practice optimization solutions, including practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education. Its Animal Health segment is a full-line distributor in North America and the United Kingdom of animal health products, services and technologies to both the production-animal and companion-pet markets. It offers a private label portfolio of products to veterinarians, producers, and retailers through its Aspen, First Companion and Patterson Veterinary brands.