By DrBicuspid Staff

November 21, 2017 -- Patterson Companies reported lower sales in its dental segment for the second quarter of fiscal 2018.

For the quarter (end-October 28), sales in the company's dental segment were $553.6 million, down 8% compared with $601.6 million in the same quarter of 2017. The dental segment represents approximately 40% of total company sales.

Sales of consumable dental supplies decreased 4.0% and equipment sales declined 17.3% in the quarter. The company attributed the decrease in equipment sales to fewer sales of Cerec (Dentsply Sirona) and other digital technology products.

Patterson posted net income of $40.2 million, down compared with net income of $45.8 million in the same quarter a year ago.

Copyright © 2017

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