Patterson Cos. (PDCO) Reports In-Line Q1 EPS, Miss on Revenues; Reiterates FY18 EPS Guidance

Patterson Cos. (NASDAQ: PDCO) reported Q1 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Patterson Cos. sees FY2018 EPS of $2.25-$2.40, versus the consensus of $2.31.

HIGHLIGHTS:

• First-quarter reported net sales totaled $1.3 billion.
• First-quarter GAAP earnings were $0.33 per diluted share.
• Adjusted earnings1 totaled $0.44 per diluted share.
• Company expands digital dentistry product portfolio with new supplier relationships.
• Company reiterates adjusted earnings1 guidance for fiscal 2018 of $2.25 to $2.40 per diluted share.

For earnings history and earnings-related data on Patterson Cos. (PDCO) click here.

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