Patterson releases Q3 results: 6 things to know

Patterson Companies reported adjusted earnings per share of 58 cents in third-quarter fiscal 2021, with its bottom line improving 23.4 percent from the prior-year quarter, reports Yahoo Finance.

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. 

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