Patterson Companies, Inc. (NASDAQ:PDCO) Q2 2025 Earnings Conference Call December 5, 2024 8:30 AM ET

Company Participants

John Wright - Vice President, Investor Relations
Don Zurbay - President and Chief Executive Officer
Kevin Barry - Chief Financial Officer

Conference Call Participants

Michael Cherny - Leerink Partners
Jeffrey Johnson - Baird
Kevin Caliendo - UBS
Jonathan Block - Stifel
Erin Wright - Morgan Stanley
Jason Bednar - Piper Sandler
Sameer Patel - Evercore ISI
Allen Lutz - Bank of America
Steven Valiquette - Mizuho Securities
Brandon Vazquez - William Blair

Operator

Thank you for standing by and welcome to the Patterson Companies' Second Quarter Fiscal 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I'd now like to turn the call over to John Wright, Vice President of Investor Relations. You may begin.

John Wright

Thank you, operator. Good morning, everyone, and thank you for participating in Patterson Companies' fiscal 2025 second quarter 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 financial 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, December 5th, 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 second quarter of fiscal 2025. The reconciliation tables in our press release are provided to adjust various reported GAAP measures for the impact of deal amortization, integration and business restructuring expenses, an interest rate swap, an inventory prepayment write-off, and a gain on the sale of an investment along with any related tax effects of these items.