2024-06-18 12:26:05 ET
Patterson Companies, Inc. (PDCO)
Q4 2024 Earnings Conference Call
June 18, 2024 08:30 A.M. ET
Company Participants
John Wright - VP, IR
Don Zurbay - President and CEO
Kevin Barry - CFO
Conference Call Participants
Kevin Caliendo - UBS
Nathan Rich - Goldman Sachs
Elizabeth Anderson - Evercore ISI
Allen Lutz - Bank of America
Jeffrey Johnson - Robert W. Baird
Erin Wright - Morgan Stanley
Michael Cherny - Leerink Partners
Jonathan Block - Stifel, Nicolaus & Company
Jason Bednar - Piper Sandler
Presentation
Operator
Thank you for standing by and welcome to the Patterson Companies Fourth Quarter Fiscal 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you. I would now like to turn the call over to John Wright, Vice President of Investor Relations. You may begin your conference.
John Wright
Thank you, Operator. Good morning, everyone. And thank you for participating in Patterson Companies’ fiscal 2024 fourth quarter and full year conference call. Joining me today are Patterson President and Chief Executive Officer, Don Zurbay; and Patterson Chief Financial Officer, Kevin Barry. After a review of our results and outlook by management, we will open the call to your questions.
Before we begin, let me remind you that certain comments made during this conference call are forward-looking in nature and subject to certain risks and uncertainties. These factors, which could cause actual results to materially differ from those indicated in such forward-looking statements, are discussed in detail in our Form 10-K and our other filings with the Securities and Exchange Commission. We encourage you to review this material.
In addition, comments about the markets we serve, including growth rates and market shares, are based upon the company’s internal analysis and estimates. The content of this conference call contains time-sensitive information that is accurate only as of the date of the live broadcast, June 18, 2024. Patterson undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call. Also, a financial slide presentation can be found in the Investor Relations section of our website at pattersoncompanies.com.
Please note that in this morning’s conference call, we will reference our adjusted results for the fourth quarter and full year fiscal 2024. The reconciliation tables in our press release are provided to adjust various reported GAAP measures for the impact of deal amortization and an interest rate swap, along with any related tax effect of these items. We will also discuss free cash flow as defined in our earnings release, which is a non-GAAP measure and use the term internal sales to represent net sales adjusted to exclude the impact of foreign currency, contributions from recent acquisitions, and the net impact of an interest rate swap. These non-GAAP measures are not intended to be a substitute for our GAAP results. This call is being recorded and will be available for replay starting today at 10 A.M. Central Time for a period of one week. Now, I’d like to hand the call over to Don Zurbay....
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Patterson Companies, Inc. (PDCO) Q4 2024 Earnings Call Transcript