Patterson Companies reports Q4 adj. EPS 37c, consensus 39c
Reports Q4 revenue $1.44B, consensus $1.43B. "Patterson's fourth quarter and fiscal 2019 results reflect continued top line growth and improved profitability trends throughout the year, enabling us to deliver on our earnings expectations while making continued necessary investments in our people, technology and services," said Mark Walchirk, president and CEO of Patterson Companies. "Through the execution of our strategic priorities, we have successfully stabilized our core business and returned both of our segments to growth. We continued to drive strong performance in both the companion and production animal businesses, and we achieved our second consecutive quarter of year-over-year revenue growth in Dental, fueled by strong growth across the equipment category. We are pleased with Patterson's performance during the first full year of our three-year plan, and we are positioned to build momentum behind our improved performance going forward."