Patterson Companies: Q1 Earnings Insights

Shares of Patterson Companies PDCO rose 1.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 22.22% year over year to $0.33, which beat the estimate of $0.23.

Revenue of $1,246,000,000 decreased by 6.22% year over year, which beat the estimate of $1,180,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Sep 03, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.pattersoncompanies.com%2Finvestor-relations%2Fevents-and-presentations%2Fdefault.aspx&eventid=2585162&sessionid=1&key=79BB5B1424C1F8C52D16F4912CABB4DE&regTag=&sourcepage=register

Technicals

52-week high: $30.38

52-week low: $12.93

Price action over last quarter: Up 35.07%

Company Description

Patterson Companies Inc is a leading distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through an acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market.