The improvement is tied to sustained expense discipline, better operating margins across business segments and solid sales execution.
Six things to know about Patterson’s results:
1. Net sales for the third quarter were $1.55 billion.
2. In the fiscal third quarter, dental sales grew 3.6 percent year over year to $648.9 million.
3. The subsegment dental consumable sales totaled $342.6 million, up 13.6 percent year over year.
4. Dental equipment and software sales in the segment fell 6.2 percent on a year-over-year basis to $237.1 million.
5. The dental segment categorized “other” and accounting for technical service, parts and labor, software support services, and office supplies saw sales decline 3.9 percent on a year-over-year basis to $69.3 million.
6. Patterson didn’t issue fourth-quarter fiscal 2021 financial guidance, citing the persistent uncertainty with respect to the pandemic.
More articles on dental:
AAO to end ad campaign after deemed unfair to SmileDirectClub platform
20 entrepreneurial DSOs to know | 2021
High patient demand, low acquisition costs: 3 takeaways from Shawn Wherry, Dental Care Alliance’s VP of marketing
