Patterson Q2 financials rise

Patterson Companies reported $48.7 million in revenues during the second quarter of fiscal year 2014, up from a net income of $45.5 million from the same period last year.

For the quarter (end-October 26), Patterson reported sales of $998.8 million, up 15.2% from sales of $867.2 million in the same period a year ago.

Patterson Dental, which comprises two-thirds of the company's overall sales, saw its second-quarter sales increase 3.0% from the previous year, to $563.1 million.

Patterson CEO Scott Anderson said he expects year-over-year sales growth for the dental business in the second half of the year when the majority of equipment sales usually occur.

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