welcome, quarter And John. you, everyone, XXXX call. Thank fiscal conference Patterson's second to
traction our focus second reflect results ongoing continued are gaining teams performance the improvement. Our quarter initiatives from the to and we drive of our
we highlights me Before quarter. dive the a key summarize into the let details, few from
First, bringing internal the for adjusted approximately reflecting we quarter, X% our consolidated sales Dental in drive We first points the X.X%. year-over-year, improved notably our segment expanded on sales our focus X% to XX in efforts internal by manage and basis grew expenses, our growing year, time mix. margin operating a operational margins improvements, operating by over to
where equipment performance delivered growth. XX.X% Dental segment, was driven our our sales strong In by we
consumables business US year-over-year quarter. trend Our posted our dental for to continued consumables growth and improve the
growth strong addition, profit revenue generated we from services. In value-added and our
In to our continue proposition enhance we our delivered solid segment, our companion our business for animal growth Animal Health in we customers. value as
the offset business. on of animal production categories headwinds overall quarter, and focus profitability segment expense in ongoing Health and our macroeconomic consistent beef mix certain Animal performance dairy expected and first the which was reflecting with management, our
reserve and of towards Virginia. recorded our resolution a We the important related facing principle also U.S. the of District Office matters made the significant for progress with agreement company in the to Attorney's legal Western
guidance we the a are made in range of we've quarter. earnings of to the half per to earnings result Overall, of $X.XX we year, for $X.XX adjusted fiscal first adjusted XXXX. progress share in the the as And raising $X.XX our delivered
With that enhanced our of the of sales with improved on operations, and Patterson's of of specifics our the our broader improvement continued growth ERP quarter, investment internal overall value starting customer more sales I'll which execution, our core walk progress impact some underscores system, have topline. our the our in through of now context, all approximately experience. X% in
Our in topline which quarter on from and segments a in was Dental particularly touch moment. by both segment, driven growth of more will strong our a I benefited our in
an expand our growth earnings focus our Driving initiative. depends on remains important ongoing and margins, also to ability which
As management. operations XX of our continued basis points our is focus effective operating to I noted on the ago, mix a and due improving moment year-over-year margin improvement
continuous For to example, more reporting and reduce returns have leveraging chain frequency customer of and of the impact ERP better the system, our operation using lower teams and adjustments. supply system inventory expense accurate driven our improvements our in visibility
overall a internal as From segment consumables as label Dental mix growth. benefited strong in from our well outpace sales our growth to company perspective, performance higher-margin our that continued margin total private
our invest offering private products to customers provide Animal Dental margins. expanding attractive continue will in label We to more our to Health and high-quality at
business per gain $X.XX. $X.XX. on It's worth noting also included on line performance and resulted that our share quarter of last of Overall, year bottom a in the one-time in EPS second of growing the top continued the adjusted our focus investment performance adjusted earnings
XX% gain, year-over-year. one-time adjusted increased by this we Excluding EPS
with and Dental. turn X.X% segments, increased starting our Dental internal delivered Dental operating I'll we sales segment to X.X%. Now, of margins business segment each of adjusted
value-added consumables, in solid sales, improving Our and trends strong growth equipment performance fueled for continued was our demand by services. in
Let briefly me on of these now each touch areas.
from CAD/CAM sales team in growth the in Our delivered the sales, XX% field category. equipment overall in primarily
to CAD/CAM Patterson ability which executed and in strategic innovation, was promoted manufacturer to continued effectively. our advantage part of performance take due Our in
in year-over-year practices. continuing equipment strong in which over the indicates quarter their sales, that performance X% We second and also to core grew saw in are invest dentists
experienced the year. the results second exactly said previously of the part equipment we've the of other equipment and when we in our anticipated the fiscal year our quarter quarter-to-quarter, you As activity the in what be in before, impact as half and factors fiscal overall, at business we shifted promotional timing to category look earlier second will equipment in that's strong
continue be you from to our compared four-quarter changes we over grow long grew prior to over the quarter-to-quarter, may And equipment to equipment overall, the look quarters there sales period. While four the X.X% if past term. expect
Our they equipment only speaks not quarter performance provides this the execution, to advanced strong dental to Patterson when our technology. value added also practices but to purchase
to grow throughout to purchase. second services value-added and from business unique the highlighting continued the financing quarter, the Our bring training customers, equipment we to to repairs benefit service of the our lifecycle in
drive to services profitability. these providing value customers, and improve addition to In our help our mix improved
service a technicians as of highly team customers. responsive comprehensive our our service differentiated as proposition for national are our Center, provide through experienced to ability Technology with able Patterson's local value deliver truly Patterson our to we well Through support
This progress in strategy steady in size our On the the quarter, our confidence in consumables sales side, and improvement. consumables the business for grew rebuilding our year-over-year but and measured our our Dental consumables on continues us essentially productivity in to trend force notably business basis. a flat segment sales investing that improvement. of of show tools gives We the has U.S. delivered came
their had We ability believe territories reflected entire on our in increased these impact positive the has and respective force have trends. their tools business is our to consumables in positive win new sales
capitalize customers our to and Finally, our that teams' proposition. pursue focus us DSO to full allow we're with of our pleased will on with the relationships progress performance value
value-added Overall, – remain and serves we dental We're services. equipment, Dental very categories Patterson and in with confident market. pleased three strong a consumables, all business end stable performance that our our of
drive in management mix our experience the helped effective Our and quarter. and Dental execution focus in continued on strong Patterson's sales performance the customer segment
Turning internal X%, by sales In the sales growth now companion to animal quarter, Health. business our internal Animal of X.X%. Animal generated of growth global second approximately driven Health
the in We a the also in basis margins Animal to markets expected Health production to the adjusted and macro beef, dairy year-over-year through the segment continued overall. maintained animal as our deliver challenges of X.X% profitability operating manage the for segment team on
the a consistent Our enhancing ongoing margins of initiatives despite focus and on our softer deliver topline management. shows impact to cost ability margin
strong has continuing business, and customers. are business offering invest a deliver ability expand and to to earlier, quarter, Animal that our private enhance Health mentioned story. Health we of second strong our our drove remains the sales products in label I to part been In Patterson to internal Animal our of As a array our and margin private label growth strong
On animal our the of solid performance companion in continued ability line compelling value the our a a side, was our top second customers. function deliver proposition to to quarter
international growth line We both are and animal the in top businesses. U.S. companion with our pleased
on Speaking demands are software of we the of seeing our that our customers. veterinary mission provide value our continued evolving meets comprehensive proposition, a solution progress to
features help veterinarians online in ratings just is In driving practice. and which a solution and that implement enhance management reputation Builder, example of with automate our continued manage relationships customer on to continued the their practice focus improvements, manage feedback practices. space. is surveys to deepen Reputation NaVetor their to we the This quickly called veterinarians distribution is software improve Our and their including is the on and one second integrating innovative platform new designed technology act the technology to helps their easy quarter, an to tool and of software innovation and
of relationships our In to from designed we and veterinary tools with software client to strategic Vetsource, improve enhance benefit across of revenue addition, the suite practices continued relationship thousands country. a to compliance, increased
solution delivery a and that ecommerce customers. integrated veterinary an offers tremendous provides platform Vetsource to The benefit
the of in delivery best result a fits distribution and to a Vetsource, compete their with Patterson solution and and is our customers. both and As specific tailor able traditional effectively relationships veterinarians home that of needs NaVetor
side, Notably, beef impact swine animal anticipated production markets. and saw continued the in remains On the business strong. dairy softness we the the however, of
market through to results Importantly, share. gain delivered challenging market we the continue successfully dynamics more teams production animal macro Patterson's and that indicate managed
capture favorable time. We business as in value animal are become production macro conditions more to enhanced our well-positioned level the incremental over
driving this confident deliver in our the and margin to fiscal Looking to our remain updated continuing focus line and puts we guidance business with the sales tracking in Consistent of position internal execution. service expect growth is Health topline is and ahead, needs Patterson we XXXX. us customers on our in that meeting and product with forecasts Animal
segments, business both our our of trusted Patterson Across is partner customers. a for
their with by providing help delivering practice tools in services, to are products, help and confidence them their our and and to practices to more goals. run We meet solutions the efficiently technology customers invest businesses more greater their than
customers, health our investing in on our solutions expand to value proposition dental continue and markets. in As the we products, both and services continue of will animal to portfolio opportunities business our for enhancing focus our on our we capitalize
on progress matters legal important we over over Now, the before update I the to several turn to resolving have like Don, two provide past towards I'd months. it significant an made
in reminder, these relate part issues. a matters legacy As to
our from team. effort reaching and current However, taken has resolution considerable time
these matters execute With position us, even to is stronger largely on behind legal in strategic now our Patterson goals.
this announced prescription Patterson well reached sales products expect have disclosed First, which U.S. the non-compliant by for animal investigation agreement resolve Office Health certain other processes of as Animal morning an disclosed in District during that Virginia the the company of Western Attorney's the non-compliant the principle into health as we previously international will we investigation.
agreement in a Health remains Animal subsidiary, will negotiation to sales subject approvals, federal Cosmetic Act connection total to under of and its Food, under a further The but to plead and final and health offense $XX.X the the strict million guilty prescription pay failure our International, forfeiture principle and of Inc., fine law terms, the to relating with animal Drug liability Federal misdemeanor with products. comply in
Once Animal impact agreement to to our final, the In continue and addition, finance non-prosecution to Patterson existing expense to will capital return plans through agreement. capital enter the Patterson allocation International liquidity into a to intends shareholders. is Health including without strategy, settlement
of voluntarily U.S. we The that the principle its investigation. into ongoing shared the Patterson's of on In with is practices. our in in part cooperation investigation related the the connection our government with agreement sales across distribution Attorney's Office and findings part of course dispensing, close with enterprise the internal own cooperation, licensing,
drive that processes investigation, own made our already a modifications designed as our to with we distribution to relevant regulations. compliance dispensing, and related result licensing, are of sales Importantly, have
by Patterson willingness approached negotiate were concerning FTC filed we XXXX to matter to early that FTC the its accepted buying in regarding with the groups. separate announced the related November, complaint company's conduct and an offer settle to alleged in a Secondly, by administrative
monetary reasons, we While business in deny does for require best a an that, agreement determined any any our The impose was settlement categorically monitor. interest. we or wrongdoing, not fine outside
buying of regard As settlement, to training ongoing continue the a to groups. on to maintain with decisions agreed Patterson part laws anti-trust making independent and personnel continue to our
builds all our matters to upon of to The fundamental regulatory significant Patterson substantial the these I the personally, believe progress our enhance enhancements and to compliance compliance management operations. made our our and team, of compliance obligations resolution have culture our entire toward to committed programs. are legal we continuing and is program.
fiscal and affairs, business specifically standalone compliance extensive taken hiring and a Vice of in number have in our this to Compliance of we scorecard. Operations; to a matter procedures; compliance including both performance compliance a department Chief including as part and reports of with program policies regulatory investing alone, as experience important key put and external Officer During directly areas with subject creating our Regulatory words executives me; into internal these a regulatory the year formalized internal included compliance substantive President objective and of steps expertise; actions, which
entire focused among of others, organization. the All actions, across on ensuring compliance these are
with these to our in with reinforce commitment compliance. matters We to our resolving legal the strengthened toward continually infrastructure along pleased are progress place
mentioned, taken reaching to effort team. our time these relate and although legacy has I current from resolution As part in matters considerable issues,
a improvements behind steps Patterson strategic focus us performance value taken, priorities driving our delivering As shareholders. and on and have result for largely are well-positioned execute customers of and and these to our is legal the matters on we
customers fiscal in top value Taking focus to and our year-two our in a are in line the performance. to improved year XXXX our team's step our on of first deliver grow progress accomplish and to now the quarters back, shareholders. drive execution bottom our us two pleased puts enhanced business position on I'm of for three-year and with our plan we the and goal second
And I'll deeper to financial a now call our with over the that, turn into Don for dive results.
