Patterson Companies reported consolidated net sales of $1.6 billion. New York News. New York Business portal

2 March 2022

2795

1 min.

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.

Persons³ and Companies² in the news

POHLMAN Kevin

President, Animal Health of the Patterson Veterinary Supply

1 place

ROGAN Tim

President and Dental of the Patterson Dental

2 place

WALCHIRK Mark

President and Chief Executive Officer of Patterson Companies

3 place

Patterson Companies

1 place

Nasdaq

2 place

Tags:

Section:

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.

GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.

The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.

New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!

Alena Potapova

Development Director