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Jan 25, 2020
Patterson Q3 2020 Earnings Report
Patterson Companies' third quarter performance improved with increased net sales and adjusted earnings.
Key Takeaways
Patterson Companies reported a 4.3% increase in net sales to $1.46 billion and a rise in adjusted earnings per diluted share to $0.47. The Dental segment showed strong growth, while the Animal Health segment also contributed to the overall positive results. The company has raised its fiscal year 2020 adjusted earnings guidance.
Net sales increased 4.3 percent year-over-year to $1.46 billion.
Adjusted operating margin increased 40 bps to 4.3 percent.
Dental segment internal sales increased 8.0 percent.
Delivered third-quarter GAAP earnings of $0.24 per diluted share and adjusted earnings of $0.47 per diluted share.
Revenue by Segment
Forward Guidance
Patterson Companies raised its fiscal 2020 GAAP earnings guidance range to $0.49 to $0.54 per diluted share, and adjusted earnings guidance range to $1.50 to $1.55 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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