Patterson CEO Blames Q1 Drag On Change Healthcare Cyberattack, 'Timing Of Corporate Expenses'

Patterson Companies Inc‘s (NASDAQ:PDCO) first-quarter 2025 net sales of $1.54 billion, down 2.2% year-over-year. Wall Street expected a net sales of $1.59 billion. Internal sales increased 2.8%. “Our first quarter results fell short of our expectations, primarily due to the greater than anticipated impact of the Change Healthcare cybersecurity attack on the value-added services category in our dental segment, along with lower sales in our companion animal business and the timing of certain corporate expenses,” said Don Zurbay, president and CEO. The ...