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Patterson Companies reported consolidated net sales of $1.6 billion

Patterson Companies reported consolidated net sales of $1.6 billion
Patterson Companies reported consolidated net sales of $1.6 billion
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Patterson Companies reported consolidated net sales of $1.6 billion

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Patterson Companies reported consolidated net sales of $1.6 billion

Operating results

US healthcare products conglomerate Patterson Companies (NASDAQ: GS) today released its operating results for the third quarter of fiscal year 2022.

The company's shares opened at $29.92 yesterday and closed at $29.42 at 04:00 Eastern Time.

Over the last 5 days, Patterson Companies shares had a low of US$28.23 and a high of US$30.43.

Also, in yesterday's trading day, the total volume of shares bought and sold so far in the period since the start of the trading day (Volume) was 858,484.

Report from the company

Patterson Companies (NASDAQ: GS) today released a report in which we can see that reported net sales increased by 2.9 per cent year-on-year to $1.6 billion, while domestic sales increased by 4.3 per cent.

Also, the adjusted operating margin improved by 70 basis points in the dental segment and by 10 basis points in the veterinary segment.

Earnings under Generally Accepted Accounting Principles (GAAP) for the third quarter were $0.58 per diluted share and adjusted earnings 1 were $0.55 per diluted share.

However, it is worth noting that the GAAP earnings guidance for financial year 2022 ranges from $1.86 to $1.91 per diluted share and the adjusted earnings 1 guidance ranges from $2.08 to $2.13 per diluted share.

Patterson Companies is a conglomerate of medical products veterinary and dental products in the US. The company was founded in 1878.

The company's President and Chief Executive Officer is Mark Walchirk, Tim Rogan is President, Kevin Pohlman is President, Dental, Animal Health.

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