Patterson Cos. Inc. reaffirmed its full-year outlook Thursday after reporting fiscal second-quarter results that met investors' expectations.
The Mendota Heights-based maker of dental and veterinary supplies said it earned $53.8 million for the three months ended Oct. 28, up 28 percent from $42 million a year ago. The profit amounted to 54 cents a share, in line with analysts' forecasts.
Sales rose 10 percent to $1.1 billion from $999 million a year ago. The company is maintaining its full-year profit outlook of $2.20 to $2.30 a share, said Scott Anderson, chief executive.
The biggest gain came in the veterinary business, where sales grew 22 percent, bolstered by its acquisition of NVS, a British supplier. In the U.S., Patterson reported a 7 percent jump in sales of veterinary consumables.
Dental products, Patterson's biggest business, grew 7.5 percent. Consumables, which account for about half of that business, grew 3.1 percent.
Patterson shares rose 1 percent.
Evan Ramstad
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