Patterson Companies (PDCO) Q3 Earnings Top Estimates, Up Y/Y
Zacks Investment Research | Feb 26, 2020 09:33PM ET
Patterson Companies, Inc. (NASDAQ:PDCO) reported adjusted earnings per share (EPS) of 47 cents in third-quarter fiscal 2020, which beat the Zacks Consensus Estimate by 27%. Moreover, the bottom line improved 23.7% from the prior-year quarter.
Net sales in the quarter were $1.46 billion, outpacing the Zacks Consensus Estimate by 2.8%. The top line also rose 4.3% year over year.
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 third quarter, dental sales improved 8.1% year over year to approximately $626.6 million.
Dental Consumable
Sales in the sub-segment totaled $300.4 million, up 1.9% year over year.
Dental Equipment & Software
Sales in the segment improved 16.2% on a year-over-year basis to $252.9 million.
Other
This segment comprises technical service, parts and labor, software support services and office supplies. Sales at the segment improved 8.8% on a year-over-year basis to $73.3 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 third quarter, the segment sales improved 1.2% on a year-over-year basis to $817.3 million.
Corporate
Sales at the segment were $12.3 million, up 29% from $9.5 million reported in the year-ago quarter.
Patterson Companies, Inc. Price, Consensus and EPS Surprise
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