Henry Schein Inc

HSIC

Equity

ISIN US8064071025 / Valor 83527

NASDAQ (2024-11-21)

USD 73.77+0.05%

Henry Schein Inc
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About company

Henry Schein Inc. is a global solutions company that caters to healthcare professionals through a network of people and technology. With a vast team of advisors, the company offers a wide range of solutions to over 1 million customers worldwide, including business, clinical, technology, and supply chain solutions. These solutions are designed to enhance operational efficiency and improve clinical outcomes for office-based dental and medical practitioners, as well as other healthcare facilities. As a FORTUNE 500 Company, Henry Schein operates in 33 countries and territories, with sales reaching $12.3 billion in 2023.

Summarized from source with an LLMView SourceSector: Healthcare

Net Sales

Henry Schein Inc. reported total net sales of $3.1 billion for the second quarter of 2024, reflecting a 1.1% increase compared to the same period in 2023. This growth includes a 4.0% sales increase from acquisitions, offset by a 0.5% decrease due to foreign exchange rates and a 0.5% decrease from lower sales of personal protective equipment (PPE).

Earnings Per Share

For the second quarter of 2024, Henry Schein Inc. reported GAAP diluted earnings per share (EPS) of $0.80 and non-GAAP diluted EPS of $1.23. This compares to the second quarter of 2023, where GAAP diluted EPS was $1.06 and non-GAAP diluted EPS was $1.31.

Operating Cash Flow

Henry Schein Inc. generated an operating cash flow of $296 million in the second quarter of 2024, which is an increase of $22 million compared to the same quarter in 2023. Year-to-date operating cash flow stands at $493 million, up $192 million from the first half of 2023.

Restructuring Plan

Henry Schein Inc. announced a new restructuring plan targeting $75 million to $100 million in annual run-rate savings. This plan aims to integrate recent acquisitions, right-size operations, and further increase efficiencies. The company expects to record restructuring charges in the second half of 2024 and in 2025.

Share Repurchases

During the second quarter of 2024, Henry Schein Inc. repurchased approximately 1.4 million shares of its common stock at an average price of $70.64 per share, totaling around $100 million. Additionally, the company's Board of Directors authorized an additional $500 million share repurchase program on July 31, 2024.

Summarized from source with an LLMView Source

Key figures

7.04%1Y

-3.11%3Y

7.79%5Y

Performance

24.8%1Y

24.2%3Y

29.6%5Y

Volatility