HSIC · 8-K · 20260804PR000043

Restructuring and Value Creation

HENRY SCHEIN INC · 2026-08-04 · Importance 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 second-quarter after-tax restructuring adjustment was $20 million, compared with $16 million in 2025, and select shareholder-advisory and value-creation consulting costs added $6 million pre-tax. The company’s 2026 guidance excludes restructuring expenses, related costs, and select implementation costs supporting value-creation initiatives.

Key facts

• The FY2026 guidance excludes restructuring expenses and related costs, amortization of acquired intangible assets, impairment of intangible assets, changes in contingent consideration, select implementation-related costs supporting value creation initiatives, and litigation settlements source
• Restructuring and related costs pre-tax in Q2 2026: $29 million; restructuring and related costs, net of tax and noncontrolling interests: $20 million (Q2 2026) source
• Change in contingent consideration recorded in Q2 2026: $2 million pre-tax ($1 million net of taxes) source
• Costs associated with shareholder advisory matters and select value creation consulting costs in Q2 2026: $6 million pre-tax ($4 million net of taxes) source
• During Q1 2025 the Company received cyber insurance proceeds of $20 million ($15 million net of taxes) source