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Oct 24, 2020
Patterson Q2 2021 Earnings Report
Reported strong revenue growth and adjusted earnings driven by customer resilience and strategic execution.
Key Takeaways
Patterson Companies reported a 9.5% increase in net sales to $1.55 billion and adjusted earnings per diluted share of $0.63, a 62% increase year-over-year, reflecting strong sales execution and expense discipline.
Net sales increased 9.5 percent year-over-year to $1.55 billion, with internal sales up 9.0 percent.
Adjusted operating margin increased by 130 bps to 5.3 percent.
Dental segment internal sales increased 12.1 percent due to strong growth in consumables, equipment, and services.
Animal Health segment internal sales increased 6.9 percent driven by Companion Animal performance and growth in the Production Animal business.
Patterson
Patterson
Patterson Revenue by Segment
Revenue by Segment
Dental Revenue
CapyFin.comAnimal Health Revenue
CapyFin.com Forward Guidance
Due to the continued uncertainty surrounding the COVID-19 pandemic and its impact on business operations, Patterson is not providing fiscal 2021 financial guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income