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Apr 25, 2020
Patterson Q4 2020 Earnings Report
Patterson's Q4 performance was impacted by COVID-19, resulting in a net loss but adjusted earnings growth.
Key Takeaways
Patterson Companies reported a decrease in consolidated net sales by 10.5% to $1.29 billion due to COVID-19 disruptions, with a net loss of $608.6 million. However, adjusted net income increased by 16.2% to $41.1 million, driven by strong sales momentum early in the quarter and cost-saving measures.
Consolidated net sales decreased by 10.5% to $1.29 billion.
Reported net loss attributable to Patterson Companies, Inc. totaled $608.6 million, or $6.44 per diluted share.
Adjusted net income attributable to Patterson Companies, Inc. increased to $41.1 million, or $0.43 per diluted share.
COVID-19 significantly disrupted end markets, impacting performance in late March and April.
Revenue by Segment
Forward Guidance
Given the ongoing disruption of North American and international market conditions and the inability to accurately predict the economic effects of COVID-19 and related government actions, Patterson is not issuing fiscal 2021 earnings guidance at this time.
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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