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Mar 30, 2024
Henry Schein Q1 2024 Earnings Report
Henry Schein reported solid earnings, driven by gross margin expansion and recovery from a cyber incident.
Key Takeaways
Henry Schein's first-quarter financial results for 2024 reflect solid earnings driven by gross margin expansion and a strong recovery from last quarter’s cyber incident. The company reported a sales growth of 3.7% compared to the first quarter of 2023.
First-quarter 2024 sales growth of 3.7%.
GAAP diluted EPS of $0.72 and non-GAAP diluted EPS of $1.10.
Total sales growth guidance range tightened to 8% to 10%.
2024 non-GAAP diluted EPS guidance of $5.00 to $5.16 is affirmed and 2024 Adjusted EBITDA growth of more than 15%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Henry Schein expects 2024 non-GAAP diluted EPS to be $5.00 to $5.16, total sales growth to be approximately 8% to 10%, and Adjusted EBITDA to increase by more than 15%.
Positive Outlook
- 2024 non-GAAP diluted EPS attributable to Henry Schein, Inc. is expected to be $5.00 to $5.16, unchanged from prior guidance, reflecting growth of 11% to 15% compared with 2023 non-GAAP diluted EPS of $4.50.
- 2024 total sales growth is now expected to be approximately 8% to 10% over 2023, compared with prior guidance of 8% to 12% growth.
- This reflects continued recovery from last year’s cyber incident and a strong pipeline of new specialty products and software innovation.
- 2024 Adjusted EBITDA is expected to increase by more than 15% compared with 2023, unchanged from prior guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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