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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.
Henry Schein
Henry Schein
Henry Schein Revenue by Segment
Henry Schein Revenue by Geographic Location
Revenue by Segment
Global Dental Revenue
CapyFin.comGlobal Medical Revenue
CapyFin.comRevenue by Geographic Location
U.S. Distribution and Value-Added Services Revenue
CapyFin.comInternational Distribution and Value-Added Services Revenue
CapyFin.com 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.
- Guidance does not include amortization expense of acquired intangible assets.
- Guidance does not include contingent consideration revaluation adjustments.
- Guidance does not include certain expenses directly associated with the cyber incident or any related insurance claim recovery.
Revenue & Expenses
Visualization of income flow from segment revenue to net income