Patterson Companies Q4 Earnings Top Estimates, Up Y/Y

Patterson Companies, Inc. (PDCO - Free Report) reported adjusted earnings per share (EPS) of 43 cents in fourth-quarter fiscal 2020, which beat the Zacks Consensus Estimate by 152.9%. Moreover, the bottom line improved 16.2% from the prior-year quarter.

For full-year fiscal 2020, the company reported adjusted EPS of $1.55, up 10.7% from the prior-year period. The figure surpassed the consensus mark by 20.2%.

Revenue Details

Net sales in the quarter were $1.29 billion, outpacing the Zacks Consensus Estimate by 1.9%. However, the top line declined 10.5% year over year.

For full-year fiscal 2020, the company delivered revenues of $5.49 billion, down 1.5% from fiscal 2019. Nonetheless, the figure surpassed the Zacks Consensus Estimate by 0.4%.

Patterson Companies, Inc. Price, Consensus and EPS Surprise

Patterson Companies, Inc. Price, Consensus and EPS Surprise

 

Patterson Companies, Inc. price-consensus-eps-surprise-chart | Patterson Companies, Inc. Quote

Segmental Analysis

The company currently distributes products through subsidiaries Patterson Dental and Patterson Animal Health.

Dental Segment

This segment provides a complete range of consumable dental products, equipment, software, turnkey digital solutions and value-added services to dentists, and laboratories throughout North America.

In the fiscal fourth quarter, dental sales fell 27.3% year over year to $409.6 million.

Dental Consumable

Sales in the sub-segment totaled $230.5 million, down 26.1% year over year.

Dental Equipment & Software

Sales in the segment plunged 36.5% on a year-over-year basis to $110.8 million.

Other

This segment comprises technical service, parts and labor, software support services and office supplies. Sales at the segment declined 11.2% on a year-over-year basis to $68.3 million.

Animal Health Segment

This segment is a leading distributor of veterinary supplies to clinics, public and private institutions and shelters across the United States.

In the fiscal fourth quarter, the segment sales declined 1.5% on a year-over-year basis to $853.2 million.

1 2 3
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.