(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.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.