earnings
confidence high
sentiment positive
materiality 0.70
Henry Schein Q1 sales $3.2B, GAAP EPS $0.72; tightens 2024 sales growth guidance to 8-10%
HENRY SCHEIN INC
2024-Q1 EPS reported
$0.72
revenue$3,172,000,000
- Q1 total sales $3.2B (+3.7% YoY); internal sales -1.8% due to cyber incident (300-400 bps drag) and lower glove pricing.
- GAAP diluted EPS $0.72 vs $0.91 YoY; non-GAAP diluted EPS $1.10 vs $1.21 YoY.
- Adjusted EBITDA $255M, flat YoY; 2024 Adj. EBITDA growth >15% reaffirmed.
- 2024 non-GAAP EPS guidance reaffirmed at $5.00-$5.16; total sales growth guidance narrowed to 8%-10% from 8%-12%.
- Repurchased ~1M shares for $75M at avg $75.10; $190M remaining authorization.