secwatch.observer — SEC 8-K summary
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Issuer:     HENRY SCHEIN INC (HSIC)
CIK:        0001000228
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001000228-24-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Henry Schein Q2 GAAP EPS $0.80 vs $1.06 YoY; lowers FY24 guidance, announces restructuring
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- Q2 total sales $3.1B (+1.1% YoY); internal sales down 2.4%.
- GAAP diluted EPS $0.80; non-GAAP diluted EPS $1.23 vs $1.31 prior year.
- FY24 non-GAAP EPS guidance cut to $4.70–$4.82 from $5.00–$5.16; sales growth lowered to ~4-6% from 8-10%.
- New restructuring plan targets $75M–$100M annual run-rate savings.
- Board authorized additional $500M share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000228/000100022824000051/0001000228-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000228/000100022824000051/hsic-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001000228-24-000051

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