Patterson Companies Expects 2025 Adjusted EPS Of $2.25-$2.35 Vs. Consensus Of $2.32 And Prior Guidance Of $2.33-$2.43

Author: Benzinga Newsdesk | December 05, 2024 08:09am

Fiscal 2025 Guidance

Patterson Companies today revised its fiscal 2025 earnings guidance, which is provided on both a GAAP and non-GAAP adjusted1 basis:

• GAAP earnings are expected to be in the range of $1.83 to $1.93 per diluted share.
• Non-GAAP adjusted earnings1 are expected to be in the range of $2.25 to $2.35 per diluted share.
• Our non-GAAP adjusted earnings1 guidance excludes the after-tax impact of: 
  
  - Deal amortization expenses of approximately $29.9 million ($0.34 per diluted share). 
  
  - Integration and business restructuring expenses of $7.6 million ($0.09 per diluted share). 
  
  - Inventory pre-payment write-off of $2.8 million ($0.03 per diluted share). 
  
  - Investment gain of $2.9 million ($0.03 per diluted share).

Our guidance reflects the strength of our business and competitive positioning as well as completed and previously announced acquisitions. It does not include the impact of unplanned share repurchases, potential future acquisitions or similar transactions, impairments, restructuring and integration expenses not previously publicly disclosed, or amortization expense of acquired intangible assets. Our guidance assumes North American and international end market conditions consistent with current market conditions.

Posted In: PDCO