Patterson Companies (PDCO) has updated its fiscal 2025 earnings forecast. The company now anticipates GAAP earnings to fall between $1.83 and $1.93 per share, while non-GAAP adjusted earnings are projected to be between $2.25 and $2.35 per share. This revision follows previous guidance in August, which set expectations for GAAP earnings at $2.00 to $2.10 per share and non-GAAP adjusted earnings at $2.33 to $2.43 per share.
Additionally, Patterson Companies is currently assessing various strategic alternatives aimed at enhancing shareholder value. These alternatives could potentially involve a sale, merger, strategic business combination, or other transaction.
**Second Quarter Results:**
For the second quarter, Patterson reported net income attributable to the company at $26.8 million, or $0.30 per share, a decrease from $40.0 million, or $0.42 per share, recorded in the same period last year. Adjusted net income was $41.8 million, or $0.47 per share, down from $47.3 million, or $0.50 per share, in the prior year. On average, analysts had predicted earnings of $0.49 per share, according to data from Thomson Reuters, which customarily excludes special items.
The company's net sales for the second quarter reached $1.67 billion, marking a 1.3 percent increase over the same period last year, surpassing the average analyst estimate of $1.65 billion.
