PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Files An 8-K Results of Operations and Financial Condition
Item 2.02
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RESULTS OF OPERATIONS AND FINANCIAL CONDITION
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release announcing its financial results for the third quarter of
fiscal year 2017 ended January 28, 2017. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated by reference herein.
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Item 2.06
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MATERIAL IMPAIRMENTS
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99.1, based on its decision not to extend sales exclusivity for
the CEREC product component of its distribution arrangement with
Sirona, Patterson Companies, Inc. recorded a pre-tax non-cash
impairment charge of $36.3 million, or $23.0 million after taxes
or $0.24 per diluted share, in its fiscal 2017 third quarter. As
previously disclosed, management reviewed this conclusion with
the Audit Committee on November 18, 2016.
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Item 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(d)
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EXHIBITS
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99.1
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Press release of Patterson Companies, Inc., dated
February 23, 2017. |
About PATTERSON COMPANIES, INC. (NASDAQ:PDCO)
Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America. The veterinary supply segment is a distributor of veterinary supplies, primarily to companion-pet (dogs, cats and other common household pets) and equine veterinary clinics. The rehabilitation supply segment provides a range of distributed and self-manufactured rehabilitation medical supplies and assistive products to acute care hospitals, long-term care facilities, rehabilitation clinics, dealers and schools. The Company’s operating units include Patterson Dental, Patterson Veterinary and Patterson Medical. PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Recent Trading Information
PATTERSON COMPANIES, INC. (NASDAQ:PDCO) closed its last trading session up +0.25 at 44.85 with 1,604,581 shares trading hands.