8-K
filed November 1, 2022, 7:59 PM ET
ticker HSIC
CIK 0001000228
earnings
confidence high
sentiment positive
materiality 0.75
Henry Schein reports record Q3 non-GAAP diluted EPS of $1.15; narrows FY2022 guidance
HENRY SCHEIN INC
2022-Q3 EPS reported
$3.55
revenue$9,276,000,000
- Q3 net sales $3.1B (-3.5% YoY); internal sales ex-PPE/COVID test kits +6.8% in local currencies.
- GAAP diluted EPS $1.09 vs $1.15; Non-GAAP diluted EPS $1.15 vs $1.10 (record).
- Global Dental internal sales +1.2% local currency; Medical internal sales ex-PPE/COVID +9.3%.
- FY2022 non-GAAP EPS guidance narrowed to $4.79-$4.87; sales growth guidance lowered to ~1.5-2.5%.
- Repurchased 1.2M shares for $90.5M in Q3; $400M remaining in buyback authorization.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
HENRY SCHEIN INC reported the nine months ended September 24, 2022 results: revenue $9.3 billion, net income $491 million, EPS $3.55. Guidance reaffirmed.
- Period
- the nine months ended September 24, 2022
- Revenue
- $9.3 billion
- Net income
- $491 million
- EPS
- $3.55
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Total net sales for the first nine months of 2022 were $9.3 billion, an increase of 2.3% compared with the first nine months of 2021. The 2.3% increase included 2.4% internal growth in local currencies excluding acquisitions and 2.1% growth from acquisitions, offset by a 2.2% decrease related to foreign currency exchange. Sales of PPE and COVID-19 test kits for the first nine months were $991 million, which is $344 million lower than in the prior-year period. When excluding sales of PPE and COVID-19 test kits, our internal sales growth for the first nine months of 2022 in local currencies was 7.3% compared with the prior-year period. ● GAAP net income for the first nine months of 2022 was $491 million, or $3.55 per diluted share, compared with GAAP net income for the first nine months of 2021 of $484 million, or $3.40 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
HENRY SCHEIN INC reported the three months ended September 24, 2022 results: revenue $3.1 billion, net income $150 million, EPS $1.09. Guidance reaffirmed.
- Period
- the three months ended September 24, 2022
- Revenue
- $3.1 billion
- Net income
- $150 million
- EPS
- $1.09
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Total net sales for the quarter were $3.1 billion, a decrease of 3.5% compared with the third quarter of 2021. The 3.5% decrease included a 2.4% decrease in local currencies excluding acquisitions, 1.8% growth from acquisitions and a 2.9% decrease related to foreign currency exchange 1 . Sales of PPE and COVID-19 test kits in the third quarter were $244 million, which is $260 million lower than the prior-year period. When excluding sales of PPE and COVID-19 test kits, our third-quarter internal sales growth in local currencies was 6.8% compared with the prior- year period. ● GAAP net income for the quarter was $150 million, or $1.09 per diluted share, compared with third-quarter 2021 GAAP net income of $162 million, or $1.15 per diluted share.
View on SEC.gov
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