Curb partners with Lyft to integrate ride requests into taxi platform
Investing.com - Henry Schein (NASDAQ:HSIC) on Tuesday reported stronger-than-expected third quarter results on Monday, as the healthcare solutions provider saw accelerating sales growth across all segments and raised its full-year outlook.
The world’s largest provider of healthcare solutions to office-based dental and medical practitioners posted adjusted earnings of $1.38 per share for the third quarter, exceeding analyst expectations of $1.28. Revenue rose 5.2% YoY to $3.34 billion, surpassing the consensus estimate of $3.28 billion.
"We are pleased with our financial results for the third quarter, with sales growth accelerating in each of our reportable segments including solid market share gains in our distribution businesses as we are once again focused on driving growth now that the cyber incident is fully behind us," said Stanley M. Bergman, Chairman and CEO of Henry Schein .
The company’s global dental distribution merchandise sales increased 4.6% compared to the same period last year, while medical distribution sales grew 4.7%. Global specialty products and technology sales showed strong performance, rising 5.9% and 9.7% respectively.
Following the strong quarterly performance, Henry Schein raised its 2025 adjusted EPS guidance to $4.88-$4.96 from its previous range of $4.80-$4.94, above the analyst consensus of $4.82. The company also increased its total sales growth forecast to 3-4% over 2024, up from its earlier projection of 2-4%.
Additionally, Henry Schein announced value creation initiatives expected to deliver over $200 million in operating income improvements over the next few years. The company also reached an agreement allowing KKR to increase its stock ownership in HSIC up to 19.9%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.