8-K
filed August 7, 2023, 7:59 PM ET
ticker HSIC
CIK 0001000228
earnings
confidence high
sentiment neutral
materiality 0.70
Henry Schein Q2 GAAP EPS $1.06, Non-GAAP $1.31; Revenue $3.1B; Affirms FY Guidance
HENRY SCHEIN INC
2023-Q2 EPS reported
$1.97
revenue$6,160,000,000
- GAAP net income $140M ($1.06/diluted share) vs Q2 2022 $160M ($1.16); non-GAAP $173M ($1.31) vs $179M ($1.30).
- Total sales $3.1B (+2.3%); internal sales ex-PPE/COVID test kits +3.3% in local currencies; global dental +5.6% to $2.0B.
- PPE & COVID test kit sales $163M, down $96M YoY; impact on EPS estimated at $0.08/diluted share.
- FY 2023 non-GAAP EPS guidance reaffirmed at $5.18-$5.35; PPE sales now expected to decline 25%-30% (prior ~20-25%).
- Committed over $1B to acquisitions YTD; closed new $750M credit facility in July 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HENRY SCHEIN INC reported the six months ended July 1, 2023 results: revenue $6.2 billion. Guidance reaffirmed.
- Period
- the six months ended July 1, 2023
- Revenue
- $6.2 billion
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
solutions, and by revenue cycle management solutions driven by a higher volume of e-claims. Year -to-Date Financial Results ● Total net sales for the first half of 2023 were $6.2 billion, a decrease of 0.8% compared with the first half of 2022. The 0.8% decrease included a 2.0% internal decrease in local currencies, 2.2% growth from acquisitions, and a 1.0%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HENRY SCHEIN INC reported the second quarter ended July 1, 2023 results: revenue $3.1 billion, net income $140 million, EPS $1.06 per diluted share. Guidance reaffirmed.
- Period
- the second quarter ended July 1, 2023
- Revenue
- $3.1 billion
- Net income
- $140 million
- EPS
- $1.06 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Schein’s leadership in the markets that we serve and to deliver long-term sustainable shareholder value.” Second-Quarter Financial Results ● Total net sales for the quarter were $3.1 billion, an increase of 2.3% compared with the second quarter of 2022. The 2.3% increase included a 0.2% decrease in local currencies excluding acquisitions, 2.9% growth from
View on SEC.gov
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