HSIC · 10-Q · 2026Q2

HENRY SCHEIN INC

Filed 2026-08-04 · Consumer · View original filing on EDGAR

Ranked Events

• 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…
• 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…
• 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%…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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.…
• 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…
• 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…
• 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…
• 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…
• 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.…
• 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…
• 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,…
• 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,…