HSIC · Consumer

HENRY SCHEIN INC

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Integrated Supply ChainImportance 34 · Surprise 42
  Henry Schein unveiled an integrated global supply-chain structure as part of its operating model changes. The integration is intended to improve efficiency, coordination, and execution across the company’s distribution…
• AI-Enabled Product StrategyImportance 31 · Surprise 42
  Henry Schein is embedding artificial intelligence into customer-facing applications and internal operations. The strategy is intended to improve productivity, deepen customer relationships, and support additional…
• Leadership TransitionImportance 31 · Surprise 42
  Henry Schein unveiled a simplified leadership structure following its second-quarter 2026 results. The reorganization is intended to accelerate execution and support a more integrated operating model. Management linked…

News · 2026-08-06

• Competition and Market ShareImportance 23 · Surprise 24
  Henry Schein reportedly gained market share in dental merchandise during the second quarter. The reported gains suggest competitive traction in the dental distribution market, where distributors and manufacturers…
• Market Demand TrendsImportance 20 · Surprise 24
  Henry Schein reported accelerating internal local-currency sales growth in the second quarter, indicating stronger underlying demand across its healthcare distribution businesses. Global Dental Distribution merchandise…

News · 2026-08-05

• Guidance and OutlookImportance 56 · Surprise 68
  Henry Schein raised its fiscal 2026 sales-growth outlook to 4.5%–5.5%. The company increased its full-year 2026 non-GAAP diluted EPS guidance to $5.29–$5.39. Management also raised its adjusted EBITDA growth outlook,…
• Market Demand TrendsImportance 20 · Surprise 24
  Henry Schein reported accelerating internal local-currency sales growth in the second quarter, indicating stronger underlying demand across its healthcare distribution businesses. Global Dental Distribution merchandise…

10-Q · 2026-08-04

• Liquidity and Debt PositionImportance 66 · Surprise 40
  Henry Schein reported $1.112 billion of working capital at June 27, 2026, down from $1.236 billion at December 27, 2025. Total debt increased to $3.462 billion from $3.107 billion, including $1.024 billion of bank…
• Gross Margin DriversImportance 55 · Surprise 32
  Second-quarter gross profit increased 8.3% year over year to $1.101 billion, and consolidated gross margin expanded from 31.4% to 31.8%. Global Distribution and Value-Added Services margin increased from 25.2% to 25.6%…
• Restructuring and Value CreationImportance 55 · Surprise 66
  Henry Schein’s August 6, 2024 restructuring plan integrates acquisitions, right-sizes operations and increases efficiencies. The company expects the 2024 Plan to be completed by the end of 2027 and recorded…
• Operating Expense TrendsImportance 54 · Surprise 40
  Second-quarter total operating expenses increased 7.5% year over year and rose to 26.9% of sales from 26.7%. Global Technology operating expenses increased 12.7%, exceeding its 8.2% sales growth, while Global…
• Capital Return ProgramImportance 52 · Surprise 42
  Net cash used in financing activities was $48 million in the first six months of 2026, compared with $145 million of net cash provided in the prior-year period. KKR-affiliated funds invested $250 million in Henry…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 net sales increased 6.7% year over year to $3.458 billion, driven by 4.6% internal growth, 0.7% acquisition growth, and a 1.4% foreign-exchange benefit. Global Distribution and Value-Added Services…
• Leadership TransitionImportance 44 · Surprise 60
  Henry Schein appointed Frederick M. Lowery as Chief Executive Officer effective March 2, 2026. Lowery joined the Board of Directors and succeeded Stanley M. Bergman, who retired as CEO on March 1, 2026. Bergman retired…
• Operating Cash Flow TrendsImportance 37 · Surprise 32
  Net cash provided by operating activities decreased to $145 million in the six months ended June 27, 2026 from $157 million in the prior-year period. The $12 million decline primarily reflected changes in accounts…
• Trade Policy and TariffsImportance 37 · Surprise 42
  The U.S. has adopted new and increased tariffs on imports from multiple countries, while the scope, applicability and legal basis continue to evolve through legislative and executive actions, exemptions and judicial…
• Interest Expense TrendsImportance 29 · Surprise 22
  Second-quarter interest expense increased 10.5% year over year to $43 million from $38 million. Six-month interest expense increased 11.5% to $82 million from $73 million. Henry Schein attributed both increases…
• Acquisition Strategy and ExpansionImportance 29 · Surprise 30
  Henry Schein states that its acquisition strategy is focused on high-growth, high-margin businesses aligned with its BOLD+1 strategy. Targeted acquisitions are intended to add customers and sales teams, expand the…
• Aging Population Healthcare DemandImportance 27 · Surprise 40
  The U.S. population aged 45 and older is projected to grow approximately 10% from 2026 to 2036 and approximately 17% from 2026 to 2046, compared with total population growth of approximately 4% and 6%, respectively.…
• Income Tax Rate ChangesImportance 24 · Surprise 14
  The second-quarter 2026 effective tax rate increased to 24.8% from 24.4% in the prior-year quarter. The six-month effective tax rate increased to 25.2% from 24.7%, a 50-basis-point increase. Henry Schein attributed the…
• Products and TechnologyImportance 24 · Surprise 14
  The company sells branded, corporate-brand, and company-manufactured products spanning implants, biomaterials, endodontics, handpieces, small equipment, orthodontics, wound care, orthopedics, and dental laboratory…
• Healthcare Cost ContainmentImportance 17 · Surprise 24
  The healthcare industry is increasingly focused on cost containment, which management believes benefits distributors offering broad product and service assortments at low prices. Cost-containment pressures have…
• Customer Consolidation TrendsImportance 16 · Surprise 6
  Health care practitioners are increasingly partnering, affiliating, or combining with hospitals, health systems, group practices, physician hospital organizations, DSOs, GPOs, HMOs, and collective buying groups.…
• Competition and Pricing PressureImportance 16 · Surprise 6
  The office-based health care products distribution industry remains fragmented and diverse, ranging from sole practitioners to large practice organizations. Cost-containment efforts favor distributors that provide…
• Market Demand TrendsImportance 9 · Surprise 6
  Henry Schein serves more than one million customers worldwide, including dental practitioners, laboratories, physician practices, ambulatory surgery centers, government and institutional clinics, home health providers,…
• Distribution ChannelsImportance 9 · Surprise 6
  Henry Schein operates strategically located distribution centers worldwide and positions itself as a single source of supply for health care customers. Office-based practitioners generally place frequent,…
• Supply Chain and InventoryImportance 9 · Surprise 6
  Henry Schein’s working-capital requirements increase with sales, special inventory forward-buy opportunities, and payment terms for receivables and payables. Inventory purchasing depends on sales activity, forward-buy…

8-K · 2026-08-04

• Liquidity and Debt PositionImportance 81 · Surprise 64
  Cash and cash equivalents were $157 million at June 27, 2026, essentially unchanged from $156 million at December 27, 2025. Bank credit lines increased to $1.024 billion from $764 million, while current maturities of…
• Guidance and OutlookImportance 77 · Surprise 92
  Henry Schein raised its 2026 non-GAAP diluted EPS guidance to $5.29-$5.39 from $5.23-$5.37. Full-year sales-growth guidance increased to 4.5%-5.5% from 3%-5%, while Adjusted EBITDA growth guidance increased to mid- to…
• Guidance / OutlookImportance 77 · Surprise 92
  Henry Schein raised FY2026 non-GAAP diluted EPS guidance to $5.29-$5.39 from $5.23-$5.37. It increased total sales growth guidance to 4.5%-5.5% from 3%-5% and Adjusted EBITDA growth guidance to the mid- to high-single…
• Geographic Market CommentaryImportance 54 · Surprise 40
  U.S. Distribution and Value-Added Services sales increased 4.6% to $1.946 billion, with U.S. Dental sales up 5.6% and Medical sales up 3.8%. International Distribution and Value-Added Services sales grew 10.7% to $965…
• Capital Return ProgramImportance 52 · Surprise 42
  Henry Schein repurchased approximately 2.6 million common shares during the second quarter for $200 million at an average price of $76.69 per share. Year-to-date repurchases totaled approximately 4.2 million shares for…
• Restructuring and Value CreationImportance 49 · Surprise 66
  Second-quarter restructuring and related costs increased 26.1% year over year to $29 million from $23 million. First-half restructuring costs were $41 million, down from $48 million in the prior-year period. The…
• Products and TechnologyImportance 49 · Surprise 32
  Global Specialty Products sales increased 8.7% year over year to $419 million, including 3.2% internal growth and 3.4% growth from acquisitions. Global Technology sales increased 8.2% to $181 million, driven by 9.1%…
• Revenue Performance and MixImportance 43 · Surprise 32
  Second-quarter 2026 net sales increased 6.7% year over year to $3.458 billion, comprising 4.6% internal growth, 0.7% acquisition growth, and a 1.4% foreign-exchange benefit. Global Distribution and Value-Added Services…
• Market Demand TrendsImportance 43 · Surprise 32
  Henry Schein’s Q2 2026 total net sales increased 6.7% year over year to $3.458 billion, including 4.6% internal sales growth. Global Distribution and Value-Added Services sales rose 6.6%, led by Global Dental…
• Capital ExpendituresImportance 29 · Surprise 22
  Purchases of property and equipment were $55 million in the first half of 2026, down 12.7% from $63 million in the first half of 2025. Second-quarter property and equipment purchases were $30 million, compared with $32…
• Gross Margin DriversImportance 27 · Surprise 22
  GAAP net income attributable to Henry Schein increased 9.3% to $94 million from $86 million in the second quarter. GAAP diluted EPS rose 17.1% to $0.82 from $0.70, while non-GAAP diluted EPS increased 15.5% to $1.27…
• FX / Currency ImpactImportance 19 · Surprise 6
  Foreign currency exchange increased second-quarter 2026 total sales by 1.4%, or approximately $48 million, on reported sales of $3.458 billion. For the first half of 2026, FX increased sales by 2.2%, or approximately…

News · 2026-08-04

• Guidance and OutlookImportance 56 · Surprise 68
  Henry Schein raised its fiscal 2026 sales-growth outlook to 4.5%–5.5%. The company increased its full-year 2026 non-GAAP diluted EPS guidance to $5.29–$5.39. Management also raised its adjusted EBITDA growth outlook,…
• Guidance / OutlookImportance 56 · Surprise 68
  Henry Schein raised its fiscal 2026 sales-growth outlook to 4.5%–5.5%. Management also increased its fiscal 2026 non-GAAP diluted EPS guidance to $5.29–$5.39. The updated outlook reflects sustained momentum across the…
• Revenue Performance and MixImportance 37 · Surprise 32
  Henry Schein’s second-quarter 2026 net sales increased 6.7% year over year to $3,458 million. Growth was led by the Global Distribution and Value-Added Services segment, while Global Dental Distribution merchandise…
• Net Income and EPS PerformanceImportance 36 · Surprise 40
  Second-quarter 2026 net income increased to $94 million, with GAAP diluted EPS of $0.82. GAAP diluted EPS rose from $0.70 in Q2 2025, while non-GAAP diluted EPS reached $1.27. The non-GAAP EPS result exceeded the…
• Operating Margin DriversImportance 30 · Surprise 40
  Henry Schein reported higher second-quarter operating margins alongside sales growth in Q2 2026. Margin improvement was attributed to solid operational execution, early benefits from the company’s value-creation…
• Competition and Market ShareImportance 23 · Surprise 24
  Henry Schein reportedly gained market share in dental merchandise during the second quarter. The reported gains suggest competitive traction in the dental distribution market, where distributors and manufacturers…
• Market Demand TrendsImportance 20 · Surprise 24
  Henry Schein reported accelerating internal local-currency sales growth in the second quarter, indicating stronger underlying demand across its healthcare distribution businesses. Global Dental Distribution merchandise…