Fiscal 2024 Guidance
Patterson Companies today revised its fiscal 2024 earnings guidance, which is provided on both a GAAP and non-GAAP adjusted1 basis:
- GAAP earnings are expected to be in the range of $1.99 to $2.04 per diluted share.
- Non-GAAP adjusted earnings1 are expected to be in the range of $2.30 to $2.35 per diluted share.
- Our non-GAAP adjusted earnings1 guidance excludes the after-tax impact of:
- Deal amortization expenses of approximately $29.3 million ($0.31 per diluted share).
Our guidance reflects the strength of our business and competitive positioning, as well as our expectations for the North American and international end markets in which we operate, which we expect to be affected by the ongoing challenges of inflationary trends and higher interest rates and additional slow-down in the broader economy. Beyond macroeconomic and geopolitical uncertainty, our guidance further assumes that there are no material adverse developments associated with wide-spread public health concerns.