Patterson Firms misses Q2 earnings estimates, shares slip

ST. PAUL, Minn. – Patterson Firms (NASDAQ:PDCO) reported combined second quarter outcomes, with earnings falling in need of expectations whereas income barely beat estimates. The dental and animal well being merchandise distributor’s shares fell 1.69% following the discharge Thursday.

For the fiscal second quarter ended October 26, Patterson reported adjusted earnings of $0.47 per share, lacking the analyst consensus of $0.49. Income rose 1.3% year-over-year to $1.67 billion, edging previous estimates of $1.66 billion.

The corporate’s dental phase noticed inside gross sales decline 2.3% in comparison with the prior 12 months interval, whereas animal well being inside gross sales elevated 1.9%.

“Our second quarter outcomes had been combined, given the difficult finish market surroundings,” mentioned CEO Don Zurbay. He famous the corporate took “devoted price administration actions” and made focused investments to help long-term development.

Wanting forward, Patterson revised its fiscal 2025 adjusted earnings steerage to a variety of $2.25 to $2.35 per share, in comparison with the earlier analyst consensus of $2.30.

The corporate additionally introduced it’s evaluating potential strategic options to maximise shareholder worth, which may embrace a sale or merger.

By means of the primary six months of fiscal 2025, Patterson returned $96.2 million to shareholders through dividends and share repurchases.

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