Henry Schein Q3 Earnings: Sees Recovery From Cyber Incident, Says Dental Equipment Business Shows Stability In North America

On Tuesday, Henry Schein Inc. (NASDAQ:HSIC) reported a third-quarter adjusted EPS of $1.22, down 7.6% year-over-year, beating the consensus of $1.17.

Sales were $3.17 billion, an increase of 0.4%, missing the consensus of $3.24 billion.

Sales growth reflects 3.2% growth from acquisitions, a 0.2% decrease resulting from foreign currency exchange rates, a 0.4% decrease from lower sales of personal protective equipment (PPE), primarily due to lower glove pricing, and the pace of recovery from the cyber incident late last year.

Internal sales decreased by 2.6%, including a 0.4% decrease from lower PPE sales.

Global dental segment sales were $1.9 billion, down 1.6%, and medical segment sales increased by 2.9% (down 4.8% internally) to $1.1 billion.

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