Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems. It also provides a range of related services comprising software and design services, maintenance and repair, and equipment financing. The Animal Health segment distributes biologicals, pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment, and software, as well as value-added services. This segment also provides private label portfolio of products to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. The Corporate segment offers customer financing services; and sells other miscellaneous products. It serves dentists, laboratories, institutions, other healthcare professionals, veterinarians, other animal health professionals, production animal operators, and animal health product retailers. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota.
IPO Year: 1992
Exchange: NASDAQ
Website: pattersoncompanies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | $23.00 | Neutral | Mizuho |
| 2/29/2024 | $34.00 → $28.00 | Overweight → Neutral | Piper Sandler |
| 2/26/2024 | $36.00 | Outperform | Leerink Partners |
| 5/13/2022 | $36.00 | Outperform | Credit Suisse |
| 3/3/2022 | $30.00 → $32.00 | Equal-Weight | Morgan Stanley |
| 1/31/2022 | $30.00 | Equal-Weight | Morgan Stanley |
| 10/1/2021 | $38.00 | Outperform | Credit Suisse |
Valued at Approximately $4.1 Billion Patterson Companies, Inc. (NASDAQ:PDCO), a leading dental and animal health distributor, today announced that it has entered into a definitive agreement to be acquired by Patient Square Capital (Patient Square), a dedicated health care investment firm. Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share, representing an approximately 49% premium to Patterson's 30 calendar day volume-weighted average price (VWAP) ending December 4, 2024 (the last trading day prior to Patterson announcing the evaluation of strategic alternatives), or a transaction value of approximately $4.1 billion, including the refinancing of
Patterson Approved Vendor status will pave the way for customers to securely use new payments capabilities. VALHALLA, N.Y., Dec. 10, 2024 /PRNewswire/ -- Rectangle Health, a leading provider of innovative payment solutions for healthcare providers, today announced integrations with Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO). The approved integrations with Patterson Dental's industry-leading practice management software solutions – Dolphin Management, Fuse, and Eaglesoft – aim to streamline payment processes and enhance the financial experience for dental practices and their patients.
Second quarter reported net sales increased 1.3 percent year-over-year to $1.67 billion, and internal sales increased 0.6 percent. Delivered second quarter GAAP earnings of $0.30 per diluted share and adjusted earnings1 of $0.47 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Returned $96.2 million to shareholders in the form of cash dividends and share repurchases through the first six months of fiscal 2025. Revises fiscal 2025 GAAP earnings guidance range to $1.83 to $1.93 per diluted share and adjusted earnings1 guidance range to $2.25 to $2.35 per diluted share. Company
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2025 second-quarter conference call on Thursday, December 5, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. An audio replay of the fiscal 2025 second-quarter conference call will also be available for one week. To access the audio replay, please pre-register at https://registrations.events/direct/Q4I672812531 to receive a unique access code to access and listen to the audio playback. About Patterson Companies Inc. Pa
Patterson Dental remains the premier distributor for PDS Health's network of over 1,000 supported practices across the United States, providing equipment, services, technology and more Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO), today announced an agreement in principle between Patterson and PDS Health, a leading dental and medical support organization formerly known as Pacific Dental Services, to extend their strategic relationship through the end of 2027. The extension allows Patterson to continue as the premier distributor for all merchandise, services, technology and core equipment across PDS Health's network of more than 1,000 supported pra
Kristin Dietzler Named Dental President Patterson Companies Inc. (NASDAQ:PDCO) announced the appointment of Kristin Dietzler as Patterson Dental's North American president. Dietzler brings extensive expertise in adjacent healthcare companies with a proven track record of success in optimizing results. She will report to Kevin Pohlman, chief operating officer of Patterson Companies, and she will be a member of the company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023782217/en/Kristin Dietzler Named Patterson Dental President (Photo: Business Wire) Dietzler joins Patterson Dental with nearly 30
Transactions Strengthen Animal Health Market Patterson Companies, Inc. (NASDAQ:PDCO) a leading distribution company in the dental and animal health industries, today announced that it has signed two separate acquisition agreements for its Animal Health business – Infusion Concepts in the United Kingdom and Mountain Vet Supply in the United States. Patterson's U.K. animal health business, National Veterinary Services Limited (NVS), is set to acquire Infusion Concepts Ltd., a market leader in the design and supply of infusion, drainage and critical care products that benefit the veterinary profession and their animal patients. This strategic purchase underscores Patterson's commitment to ex
On September 17, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, November 1, 2024, to shareholders of record as of the close of business on October 18, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivall
First quarter reported net sales decreased 2.2 percent year-over-year to $1.54 billion, and internal sales decreased 2.8 percent. Returned $73.3 million to shareholders in first quarter of fiscal 2025 through dividends and share repurchases. Delivered first quarter GAAP earnings of $0.15 per diluted share and adjusted earnings1 of $0.24 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Reaffirms fiscal 2025 GAAP earnings guidance range of $2.00 to $2.10 per diluted share and adjusted earnings1 guidance range of $2.33 to $2.43 per diluted share. Patterson Companies, Inc. (NASD
Patterson Dental Fuse and Eaglesoft practice management software users can increase their clinical efficiency with Bola AI's Voice-AI technology ORANGE COUNTY, Calif., Aug. 26, 2024 /PRNewswire/ -- Bola Technologies, Inc. (Bola AI), the leading provider of Voice-AI technology for dental professionals has announced a new software integration with Patterson Dental Supply, Inc., a subsidiary of Patterson Companies, Inc. (NASDAQ:PDCO) within their Fuse practice management software and Eaglesoft practice management software. This new integration enables dental practices to lessen the burden on busy hygienists by streamlining clinical documentation and charting tasks.
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Mizuho initiated coverage of Patterson Companies with a rating of Neutral and set a new price target of $23.00
Piper Sandler downgraded Patterson Companies from Overweight to Neutral and set a new price target of $28.00 from $34.00 previously
Leerink Partners initiated coverage of Patterson Companies with a rating of Outperform and set a new price target of $36.00
Credit Suisse resumed coverage of Patterson Companies with a rating of Outperform and set a new price target of $36.00
Morgan Stanley reiterated coverage of Patterson Companies with a rating of Equal-Weight and set a new price target of $32.00 from $30.00 previously
Morgan Stanley initiated coverage of Patterson Companies with a rating of Equal-Weight and set a new price target of $30.00
Credit Suisse resumed coverage of Patterson Companies with a rating of Outperform and set a new price target of $38.00
Piper Sandler upgraded Patterson Companies from Neutral to Overweight and set a new price target of $44.00 from $34.00 previously
Kristin Dietzler Named Dental President Patterson Companies Inc. (NASDAQ:PDCO) announced the appointment of Kristin Dietzler as Patterson Dental's North American president. Dietzler brings extensive expertise in adjacent healthcare companies with a proven track record of success in optimizing results. She will report to Kevin Pohlman, chief operating officer of Patterson Companies, and she will be a member of the company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023782217/en/Kristin Dietzler Named Patterson Dental President (Photo: Business Wire) Dietzler joins Patterson Dental with nearly 30
Patterson Companies, Inc. (NASDAQ:PDCO) today announced that it has initiated a search for a new leader for its Dental segment. Tim Rogan, who has served as President of Patterson Dental since 2021, has stepped down from his role, effective immediately, and agreed to serve as an advisor to the Company in the short term to facilitate a smooth transition. The Dental segment will continue to report to Chief Operating Officer, Kevin Pohlman. "Our dental business has made significant progress to further enhance our value proposition and differentiate Patterson as the partner of choice for our customers. After careful consideration, we determined that a leadership transition will best position
NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index N
Don Zurbay Appointed President and CEO Kevin Barry Appointed Interim Chief Financial Officer Reaffirms Fiscal 2023 Earnings Guidance Patterson Companies, Inc. (NASDAQ:PDCO) today announced that its Board of Directors has appointed Don Zurbay, most recently Chief Financial Officer, as President and Chief Executive Officer. Mr. Zurbay succeeds Mark Walchirk who resigned following the Board's investigation and determination that he violated company policy and demonstrated poor judgment regarding an encounter with an employee. The conduct did not relate to the company's operations or the integrity of the company's financial statements. Mr. Zurbay has also been elected to the Board. Kevin Bar
WOKINGHAM, UK / ACCESSWIRE / April 16, 2021 / Ferguson plc announces the appointment of Kelly Baker to the Board as a Non-Executive Director effective May 1, 2021.Kelly, a US citizen, has extensive human resources ("HR") and operational experience having led the people, organizational and cultural development across a number of US based, global public companies. Kelly is currently Executive Vice President ("EVP"), Chief Human Resources Officer ("CHRO") of Pentair plc (NYSE:PNR), a leading manufacturer of water products, a role she has held since December 2017. Prior to this, Kelly was EVP, CHRO at Patterson Companies Inc. (NASDAQ:PDCO), a value-added distributor serving dental and animal hea
Second quarter reported net sales increased 1.3 percent year-over-year to $1.67 billion, and internal sales increased 0.6 percent. Delivered second quarter GAAP earnings of $0.30 per diluted share and adjusted earnings1 of $0.47 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Returned $96.2 million to shareholders in the form of cash dividends and share repurchases through the first six months of fiscal 2025. Revises fiscal 2025 GAAP earnings guidance range to $1.83 to $1.93 per diluted share and adjusted earnings1 guidance range to $2.25 to $2.35 per diluted share. Company
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2025 second-quarter conference call on Thursday, December 5, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. An audio replay of the fiscal 2025 second-quarter conference call will also be available for one week. To access the audio replay, please pre-register at https://registrations.events/direct/Q4I672812531 to receive a unique access code to access and listen to the audio playback. About Patterson Companies Inc. Pa
On September 17, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, November 1, 2024, to shareholders of record as of the close of business on October 18, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivall
First quarter reported net sales decreased 2.2 percent year-over-year to $1.54 billion, and internal sales decreased 2.8 percent. Returned $73.3 million to shareholders in first quarter of fiscal 2025 through dividends and share repurchases. Delivered first quarter GAAP earnings of $0.15 per diluted share and adjusted earnings1 of $0.24 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by the cybersecurity attack on Change Healthcare compared to the prior year. Reaffirms fiscal 2025 GAAP earnings guidance range of $2.00 to $2.10 per diluted share and adjusted earnings1 guidance range of $2.33 to $2.43 per diluted share. Patterson Companies, Inc. (NASD
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2025 first-quarter conference call on Wednesday, August 28, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2025 first-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Wednesday, August 28, 2024, through 10 p.m. CT (11 p.m. ET) on Tuesday, September 3, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patterso
Fourth quarter reported net sales increased 0.1 percent year-over-year to $1.72 billion, and internal sales decreased 0.5 percent. Fourth quarter internal sales benefitted from strong growth in production animal as well as dental consumables growth of 3.7 percent year-over-year. Returned $327.9 million to shareholders in fiscal 2024 through dividends and share repurchases. Delivered fourth quarter GAAP earnings of $0.74 per diluted share and adjusted earnings1 of $0.82 per diluted share; both GAAP and adjusted earnings1 were negatively impacted by $0.04 per diluted share due to the cybersecurity attack on Change Healthcare. Achieved fiscal 2024 GAAP earnings of $1.98 per dilute
Patterson Companies (NASDAQ:PDCO) today announced that it will hold its fiscal 2024 fourth-quarter and year end conference call on Tuesday, June 18, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company's earnings release will be issued that morning before the market opens. To access the live webcast, go to the investor relations section of the company's website, www.PattersonCompanies.com. The fiscal 2024 fourth-quarter earnings conference call replay will be available beginning at 10 a.m. CT (11 a.m. ET) on Tuesday, June 18, 2024, through 10 p.m. CT (11 p.m. ET) on Tuesday, June 25, 2024. Interested persons may dial (800) 770-2030 and enter Conference ID 67281 when prompted. About Patte
On June 11, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, August 2, 2024, to shareholders of record as of the close of business on July 19, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivalled exper
On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company's common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining. The Board also declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, May 3, 2024, to shareholders of record as of the close of business on April 19, 2024. About Patterson Companies Inc. Patterson Companies Inc. (NASDAQ:PDCO) connects dental and animal health customers in North America and the U.K. to the latest product
Third quarter reported net sales increased 1.0 percent year-over-year to $1.62 billion. Internal sales increased 0.3 percent year-over-year, driven by dental consumables growth of 6.3 percent; excluding certain infection control products, internal sales of dental consumables increased 7.2 percent year-over-year. Delivered third quarter GAAP earnings of $0.52 per diluted share and adjusted earnings of $0.59 per diluted share. Returned $148.8 million to shareholders through dividends and share repurchases. Revises fiscal 2024 GAAP earnings guidance to $1.99 to $2.04 per diluted share and adjusted earnings1 guidance to $2.30 to $2.35 per diluted share. Patterson Companies, Inc.
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