earnings
confidence high
sentiment positive
materiality 0.65
Henry Schein Q3 GAAP EPS $0.78, non-GAAP $1.22; raises FY2024 non-GAAP EPS guidance to $4.74-$4.82
HENRY SCHEIN INC
2024-Q3 EPS reported
$2.30
revenue$9,482,000,000
- Total net sales $3.2B, up 0.4% YoY; internal sales down 2.6% reflecting cyber incident recovery and lower PPE sales.
- Non-GAAP diluted EPS $1.22 vs $1.32 YoY; GAAP diluted EPS $0.78 vs $1.05 YoY.
- Operating cash flow $151M in Q3; year-to-date $644M, up $112M vs 2023.
- Raised FY2024 non-GAAP EPS guidance to $4.74-$4.82 (from $4.70-$4.82) and reaffirmed low-double-digit Adjusted EBITDA growth.
- Recorded $48M restructuring costs in Q3; new 2024/2025 plan targeting $75-$100M annual run-rate savings by end of 2025.