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Webster Veterinary Sees Slight Q2 Increase

Posted: November 23, 2010, 4:25 p.m., EDT



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Webster Veterinary, a division of Patterson Companies Inc. of St. Paul, Minn., reported revenue of $161.6 million for its second quarter ended Oct. 30, compared to revenue of $160.7 million in the year-ago period.Webster Veterinary, a division of Patterson Companies Inc. of St. Paul, Minn., reported revenue of $161.6 million for its second quarter ended Oct. 30, compared to revenue of $160.7 million in the year-ago period.newsline, financial

Webster Veterinary, a division of Patterson Companies Inc. of St. Paul, Minn., reported revenue of $161.6 million for its second quarter ended Oct. 30, compared to revenue of $160.7 million in the year-ago period.

“We were pleased with Webster’s second quarter performance, although the year-over-year comparability of Webster’s sales was affected by previously reported changes in the distribution arrangements for certain pharmaceuticals,” said Scott Anderson, president and CEO of Patterson Companies. “We estimate that this changeover had the effect of reducing Webster’s second quarter sales growth by approximately four to five percentage points.”

Year to date, the division reported revenue of $341.2 million, compared to revenue of $329.8 million in the year-ago period.

Overall, Patterson Companies reported net income of $53.4 million on revenue of $857.4 million for its second quarter, compared to net income of $49.3 million on revenue of $815 million.

Year to date, the company reported net income of $107.3 million on revenue of $1.7 billion, compared to net income of $94.4 million on revenue of $1.6 billion.

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