Patterson Companies reported lower sales in its dental segment and a drop in net income for the second quarter of fiscal 2019.
For the quarter (end-October 27), sales in the company's dental segment were $542.5 million, down 1.8% compared with $553.6 million in the same quarter of 2018. Sales of consumable dental supplies decreased 2.4% and equipment sales declined 1.1% in the quarter. The dental segment represents approximately 39% of total company sales.
Patterson posted net income of $28.9 million, down compared with net income of $40.2 million in the same quarter a year ago.
