Patterson Companies, St Paul, Minn, reported lower net sales in its dental segment for the second quarter of fiscal 2019, at $542.5 million, which represents approximately 39% of the company’s total sales. This is down from $553.6 million in the same quarter last year. According to a press release from the company, internal sales at Patterson Dental declined 1.8% compared to the fiscal 2018 second quarter.
Total consumable equipment sales for the quarter were down 2.4%, while equipment and software sales were down 1.1%.
Overall, Patterson Companies reported consolidated net sales of $1.4 billion, up 1.4% across the board compared to the same period last year.
“Our second quarter results met our expectations and we continue to make progress on our focused initiatives to improve performance and build a stronger Patterson,” said Mark Walchirk, president and CEO of Patterson Companies. “While we still have much work ahead, our team has delivered two consecutive quarters of year-over-year revenue growth, operating margin improvement from the fiscal first quarter and continued strong cash flow generation. As a result, we are reaffirming our fiscal 2019 guidance.”
