HSIC · 10-Q · 2026Q3

HENRY SCHEIN INC

Filed 2026-11-03 · Consumer · View original filing on EDGAR

Everything HSIC's SEC filings said, ranked

Ranked Events

• Capital Return ProgramImportance 58 · Surprise 42
  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…
• Liquidity and Debt PositionImportance 54 · Surprise 40
  At September 26, 2026, total debt was $3.524 billion, compared with $3.107 billion at December 27, 2025, an increase of $417 million (about 13%). Working capital was $1.178 billion at September 26, 2026, versus $1.236…
• Restructuring and Value CreationImportance 49 · Surprise 66
  Henry Schein’s August 6, 2024 restructuring plan is intended to integrate acquisitions, right-size operations and increase efficiencies, with completion expected by the end of 2027. The company recorded plan charges of…
• Investing ActivitiesImportance 46 · Surprise 56
  Net cash used in investing activities was $173 million for the nine months ended September 26, 2026, compared with $253 million in the prior-year period, a decrease of $80 million (about 32%). The decrease was…
• Revenue Performance and MixImportance 43 · Surprise 32
  Net sales increased 4.0% to $3.471 billion in the three months ended September 26, 2026, and rose 5.6% to $10.297 billion for the nine months. Nine-month growth comprised 3.4% internal growth, 0.7% acquisition growth…
• Gross Margin DriversImportance 41 · Surprise 32
  Consolidated gross margin increased to 31.8% from 30.7% in the third quarter and to 31.8% from 31.2% for the first nine months of 2026. Global Distribution and Value-Added Services’ nine-month gross margin rose to…
• Trade Policy and TariffsImportance 37 · Surprise 42
  U.S. tariff policy remained volatile as the scope, applicability, and legal basis of tariffs continued to evolve through legislative and executive actions, exemptions, and judicial challenges. The U.S. Supreme Court…
• Products and TechnologyImportance 37 · Surprise 32
  Global Technology sales increased 5.2% in the third quarter and 6.8% in the first nine months of 2026. Internal local-currency growth was attributed primarily to increased customer adoption of core practice management…
• Operating Expense TrendsImportance 35 · Surprise 32
  Total operating expenses increased 5.7% in the third quarter and 7.0% in the first nine months of 2026 compared with the respective 2025 periods. Operating expenses were 26.3% of sales in the quarter versus 25.8%, and…
• Leadership TransitionImportance 30 · Surprise 42
  Henry Schein announced on October 8, 2026 that Ronald N. South would transition from Senior Vice President and Chief Financial Officer to Senior Advisor, effective November 4, 2026. Emmanuel Caprais, who became Senior…
• Healthcare Regulation and ComplianceImportance 29 · Surprise 24
  Henry Schein operates businesses involved in pharmaceuticals, medical devices, in vitro diagnostics, manufacturing, and direct-to-patient medical supplies, subjecting them to local, state, federal, and foreign…
• Interest Expense TrendsImportance 29 · Surprise 22
  Interest expense rose 11.5% to $42 million in the third quarter of 2026 and 11.5% to $124 million for the first nine months, primarily because of increased borrowings. Other expense, net increased 14.7% to $33 million…
• Working Capital and Inventory TrendsImportance 25 · Surprise 32
  Accounts-receivable days sales outstanding from operations increased to 46.6 days at September 26, 2026, from 45.3 days at September 27, 2025. Inventory turns from operations declined to 4.6 from 4.8 over the same…
• Operating Cash Flow TrendsImportance 25 · Surprise 32
  Net cash provided by operating activities was $306 million for the nine months ended September 26, 2026, compared with $331 million in the prior-year period, a decrease of $25 million, or approximately 7.6%. The filing…
• Acquisition Strategy and ExpansionImportance 23 · Surprise 24
  Henry Schein’s acquisition strategy targets high-growth, high-margin businesses aligned with its BOLD+1 strategy. The company seeks acquisitions that add customers and sales teams, expand its geographic…
• Distribution ChannelsImportance 23 · Surprise 24
  Henry Schein describes One Schein as a unified go-to-market approach that connects customers with its supply chain, equipment sales and service, and other value-added services. The initiative gives practitioners…
• Customer Consolidation TrendsImportance 23 · Surprise 24
  Health care practitioners are increasingly partnering with, affiliating with, or combining into hospitals, health systems, group practices, and physician hospital organizations. For consolidated groups, purchasing…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective tax rate increased to 23.1% in the third quarter of 2026 from 21.3% in the prior-year quarter. For the first nine months, the rate rose to 24.5% from 23.5%. State and foreign income taxes and interest…
• Aging Population Healthcare DemandImportance 14 · Surprise 14
  Henry Schein cites aging populations, greater health care awareness, medical technology and testing, new pharmacological treatments, and expanded third-party insurance coverage as drivers of health care distribution…
• Healthcare Cost ContainmentImportance 11 · Surprise 6
  The health care industry has increasingly emphasized cost containment, benefiting distributors able to offer broad product and service assortments at low prices. This trend has accelerated growth in DSOs, GPOs, HMOs,…