HSIC · 10-Q · 2026Q3 · Full report
Capital Return Program
HENRY SCHEIN INC · 2026-11-03 · Importance 58 · Surprise 42 · Contradicted
On January 27, 2025, the board authorized up to $500 million of additional common-stock repurchases, followed by a September 8, 2025 authorization for up to another $750 million. The company executed a $250 million accelerated share repurchase (ASR) on May 19, 2025, receiving 3,122,832 shares valued at an estimated $224 million in May and 368,651 shares valued at $26 million in July. From March 3, 2003 through September 26, 2026, Henry Schein repurchased $6.4 billion, or 113,537,092 shares, and had $330 million available for future repurchases at September 26, 2026. The filing also says the ASR was initiated to offset dilution from KKR-affiliated funds’ $250 million May 2025 investment in 3,285,152 shares.
Key facts
- On January 27, 2025, Henry Schein's Board authorized repurchases of up to an additional $500 million of common stock. source
- On September 8, 2025, Henry Schein's Board authorized repurchases of up to an additional $750 million of common stock. source
- In May 2025, KKR-affiliated funds invested $250 million in Henry Schein by purchasing 3,285,152 common shares. source
- Shortly after the May 2025 KKR-affiliated investment, Henry Schein initiated a $250 million accelerated share repurchase program to offset the resulting dilution. source
- On May 19, 2025, Henry Schein executed a $250 million accelerated share repurchase program based on volume-weighted average prices. source
- In May 2025, Henry Schein received 3,122,832 shares under its accelerated share repurchase program at an estimated fair value of $224 million. source
- From March 3, 2003 through September 26, 2026, Henry Schein repurchased $6.4 billion, or 113,537,092 shares, under its common stock repurchase programs; $330 million remained available for future repurchases as of September 26, 2026. source
- In July 2025, Henry Schein received an additional 368,651 shares at an estimated fair value of $26 million, representing the final shares under the accelerated share repurchase program. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -1.2% | From March 3, 2003 through September 26, 2026, Henry Schein repurchased $6.4 billion, or 113,537,092 shares, under its common stock… |