Patterson Companies, Inc. (NASDAQ:PDCO) Q2 2024 Earnings Call Transcript

Kevin Barry: Yes, I’ll try to cover that. I mean I think the one thing I’d say about our production animal business is — and we’ve talked about this in prior calls. That team has done an excellent job of really kind of diversifying both the species that we serve and then how we reach the veterinarians and producers that work in those industries. And so quarter-to-quarter, we see some ups and downs between swine, dairy and beef. But really, this quarter was good performance across all. The timing of the fall run, it’s always kind of rattles our Q2 and Q3 every quarter, and so a little bit of art and science to figure out exactly what the impact is going to be. And so I think — but again, I think the message really there is that we’ve got a team that’s servicing their customers really well, gaining some share.

And that diversified and kind of omnichannel presence we have is really the differentiator for us so we can really meet the customer where they are. On the acquisition side, the key acquisition that we’ve made in the production animal business is a company called Dairy Tech, which is an owned brand now that really services the dairy part of our business. And I’d say at this point, it’s a relatively small part of that overall portfolio, but it’s performing really well. It’s providing a service that those dairy customers really value. That integration has gone really well from our expectations and how that team is performing. But from an overall numerical standpoint, it’s relatively small from an overall impact.

Don Zurbay: All right. Thanks for all your time today and interest in Patterson Companies, and we will talk to you in three months.

Operator: I’d like to thank our speakers for today’s presentation, and thank you all for joining us. This now concludes today’s call, and you may now disconnect.