Patterson panies(US:PDCO)2024-06-18 12:53Financial Performance - Fourth quarter net sales increased 01% year-over-year to $172 billion, but internal sales decreased 05%[16] - Q4 GAAP earnings were $074 per diluted share, and adjusted earnings were $082 per diluted share, negatively impacted by $004 per diluted share due to a cybersecurity attack[17] - Fiscal year 2024 GAAP earnings reached $198 per diluted share, with adjusted earnings at $230 per diluted share[17] - The company returned $3279 million to shareholders in FY 2024 through dividends and share repurchases[16] Sales Breakdown - Consumables sales increased by 32% to $138 billion, with internal sales growth of 28%[21] - Equipment sales decreased by 110% to $2491 million[21] - Value-Added Services and other sales decreased by 101% to $970 million, with internal sales decreasing by 157%[21] - Patterson Dental's total sales decreased by 38%, with consumables increasing by 37%[27] - Patterson Animal Health's total sales increased by 31%, with consumables increasing by 31%[32] Fiscal 2025 Guidance - The company projects fiscal 2025 GAAP earnings to be in the range of $200 to $210 per diluted share[18] - Non-GAAP adjusted earnings for fiscal 2025 are expected to be between $233 and $243 per diluted share, excluding deal amortization expenses of approximately $291 million ($033 per diluted share)[18, 38] Cash Flow - Free cash flow for the twelve months ended April 27, 2024, was $1713 million, compared to $1798 million for the previous year[35] - The company paid $983 million in dividends and repurchased $2295 million in shares year-to-date[36] - As of the end of the fourth quarter of fiscal 2024, Patterson had $500 million remaining on its share repurchase authorization[43]