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Sep 28, 2024
Henry Schein Q3 2024 Earnings Report
Henry Schein reported financial results for the third quarter ended September 28, 2024, and increased its full-year non-GAAP EPS guidance.
Key Takeaways
Henry Schein's third-quarter results for 2024 showed a slight increase in total net sales, driven by acquisitions and the successful implementation of their BOLD+1 Strategic Plan. The company's GAAP diluted EPS was $0.78, and non-GAAP diluted EPS was $1.22. They have increased their full-year non-GAAP EPS guidance to $4.74 to $4.82.
Third-quarter GAAP diluted EPS was $0.78, and non-GAAP diluted EPS was $1.22.
Total net sales for the quarter were $3.2 billion, a 0.4% increase compared to Q3 2023.
Operating cash flow for the quarter was $151 million.
The company increased its 2024 full-year non-GAAP EPS guidance to $4.74 to $4.82.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Henry Schein updated its full-year 2024 financial guidance. Total sales growth is now expected to be 4% to 5% over 2023. Non-GAAP diluted EPS is expected to be $4.74 to $4.82. Adjusted EBITDA is expected to grow in the low-double-digit percentages versus 2023.
Positive Outlook
- 2024 total sales growth is now expected to be 4% to 5% over 2023.
- 2024 non-GAAP diluted EPS attributable to Henry Schein, Inc. is now expected to be $4.74 to $4.82.
- Reflects growth of 5% to 7% compared with 2023 non-GAAP diluted EPS of $4.50.
- 2024 Adjusted EBITDA is expected to grow in the low-double-digit percentages versus 2023 Adjusted EBITDA.
- Guidance assumes that foreign currency exchange rates remain generally consistent with current levels and that end markets remain consistent with current market conditions.
Challenges Ahead
- Guidance does not include the impact of potential future acquisitions and share repurchases.
- Guidance does not include restructuring and integration expenses.
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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