(Adds Outlook, Strategic Review)
Patterson Companies (PDCO) revised its fiscal 2025 earnings guidance. GAAP earnings are expected to be in the range of $1.83 to $1.93 per share; and non-GAAP adjusted earnings are expected to be in the range of $2.25 to $2.35 per share. In August, the company projected GAAP earnings in the range of $2.00 to $2.10 per share, and non-GAAP adjusted earnings in the range of $2.33 to $2.43 per share.
The company also announced that it is evaluating potential strategic alternatives to maximize shareholder value. The company noted that the alternatives may include, but are not limited to, a sale, merger, strategic business combination or other transaction.
Q2 Results:
The company reported net income attributable to Patterson for the second quarter of $26.8 million, or $0.30 per share, compared to $40.0 million, or $0.42 per share, a year ago. Adjusted net income attributable to Patterson was $41.8 million, or $0.47 per share, compared to $47.3 million, or $0.50 per share, last year. Analysts on average had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Second quarter net sales were $1.67 billion, an increase of 1.3 percent compared to the same period last year. Analysts on average had estimated $1.65 billion in revenue.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.