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PATTERSON COMPANIES, INC.

pattersoncompanies.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Feb 26, 2025. Its latest SEC filing is a 15-12G from Apr 28, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Distributes consumable dental and animal-health supplies to dental practices, veterinarians, animal producers and retailers, alongside related equipment and services.

How Did They Make Money?

revenue
SegmentShareRevenue
Consumable
80%
FY2021: 80%
Equipment
14%
FY2021: 14%
Value Added Services and Other
6.2%
FY2021: 5.8%

Who Were Their Customers?

Customers include dental practices and labs; veterinary clinics and animal producers; and animal-health retailers. Orders can be placed through sales representatives, customer service representatives or online.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2024.

Operating income, FY2024
4% of revenue
▼ −8% vs FY2023 ($276M, 4%)
Net income, FY2024
3% of revenue
▼ −11% vs FY2023 ($207.6M, 3%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Jan 25, 2025
Revenue
▼ −3%
vs $1.6B in Q3 FY2024
Net income
▼ −35%
vs $47.6M in Q3 FY2024
  • Apr 22, 2025 Robert Rajalingam replaced Donald Zurbay as chief executive Rajalingam became CEO in connection with the closing of Patterson’s acquisition by Patient Square.
  • Apr 17, 2025 Patient Square’s acquisition closed, and Patterson was delisted Patterson requested removal of its common stock from Nasdaq following the merger closing.

Grew. Revenue grew 20% in 4 years, from $5.5B in FY2020 to $6.6B in FY2024, about 5% a year.

Revenue over time
Consumable Equipment Value Added Services and Other Equipment and software Other
$10B$5B$0

Who Did They Compete With?

Competes with Henry Schein, Benco Dental Supply, Burkhart Dental Supply, Carestream Dental, Cencora/MWI Animal Health, Covetrus, IDEXX Laboratories, Amazon, and Chewy.com

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