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Henry Schein Inc. (symbol: HSIC) is the world's largest provider of healthcare products and services to office-based dental, animal health, and medical practitioners. As a Fortune 500® company and a member of the S&P 500® and NASDAQ 100® indexes, Henry Schein employs more than 18,000 team members and serves over one million customers globally. The company's offerings extend to dental laboratories, government and institutional healthcare clinics, and other alternate care sites.
Henry Schein operates through a centralized and automated distribution network, offering a comprehensive selection of more than 100,000 branded products and private-label products, as well as over 150,000 additional products available as special-order items.
The company is organized into two main segments: Healthcare Distribution and Technology & Value-Added Services. The Healthcare Distribution segment focuses on distributing consumable products, small equipment, and laboratory products. The Technology & Value-Added Services segment provides innovative software solutions and other technology services designed to help healthcare practitioners run their practices more efficiently and deliver high-quality care.
In recent years, Henry Schein has achieved significant milestones, including expanding its product range and forming strategic partnerships to enhance its service offerings. The company continues to innovate with exclusive technology solutions aimed at improving practice management and patient care.
Henry Schein reported record Q1 financial results with total net sales of $2.9 billion, a 20.4% increase year-over-year. This surge was driven by 14.9% internal growth in local currencies, alongside contributions from acquisitions and foreign currency exchange. GAAP net income rose to $166 million ($1.16 per diluted share), up from $130.5 million ($0.91 per diluted share) in Q1 2020. The company also raised its 2021 non-GAAP EPS guidance to at least $3.70. Despite challenges from the pandemic, Henry Schein's performance reflects strong operational execution.
Henry Schein (Nasdaq: HSIC), a leading health care solutions provider, will present at the Bank of America Securities 2021 Virtual Health Care Conference on May 11, 2021, at 10:15 a.m. ET. The presentation will be accessible via live webcast on the company's website, with a replay available afterward. Henry Schein serves over 1 million customers globally, offering more than 300 solutions that enhance operational efficiency and clinical outcomes for dental and medical practitioners. In 2020, the company reported sales of $10.1 billion, demonstrating significant growth since its public debut in 1995.
Henry Schein's CEO, Stanley M. Bergman, urged the House Select Subcommittee on the Coronavirus Crisis to include primary care physicians and dentists in the national COVID-19 vaccination effort. He emphasized their importance in addressing vaccine hesitancy and their unique access across diverse communities. The letter was part of a hearing that included expert testimonies from public health leaders. Henry Schein, a Fortune 500 company, supports healthcare professionals with technology and solutions, generating $10.1 billion in sales in 2020.
Henry Schein (Nasdaq: HSIC), a leading health care solutions provider, will announce its Q1 2021 financial results on May 4, 2021, before market opening. A live webcast of the earnings conference call will be held at 10:00 a.m. Eastern Time, featuring Stanley M. Bergman and Steven Paladino. Investors can access the call via www.henryschein.com/IRwebcasts. In 2020, Henry Schein reported sales of $10.1 billion, highlighting strong growth since going public in 1995.
Henry Schein (Nasdaq: HSIC) has acquired a majority stake in Stradis Medical, enhancing its commitment to the growing ambulatory surgery market. Stradis Healthcare specializes in medical device packaging and custom procedure kits, generating approximately $39 million in sales over the past year. The deal aims to combine product offerings, improve operational efficiencies, and create new business opportunities. While the acquisition will be neutral to HSIC’s 2021 earnings per share, it is expected to be accretive thereafter. CEO Stanley Bergman highlights the strategic importance of this partnership.
Henry Schein (Nasdaq: HSIC) announced a partnership with the Black Coalition Against COVID-19 (BCAC) to support vaccine equity via the virtual town hall series, "Making It Plain." This initiative emphasizes the essential role of primary-care physicians in increasing COVID-19 vaccination accessibility, especially in minority communities. CEO Stanley M. Bergman highlighted the importance of engaging trusted healthcare providers to ensure broader vaccine distribution. The partnership aims to create additional vaccination sites across the U.S., promoting equitable access to the COVID-19 vaccine.
Henry Schein, Inc. (Nasdaq: HSIC) CEO Stanley M. Bergman supports a Congressional effort to include primary-care physicians and dentists in the national COVID-19 vaccination strategy. He highlights the importance of these trusted community figures in overcoming vaccine hesitancy, especially in underserved communities. The company commends recent amendments to the Public Readiness and Emergency Preparedness Act, expanding the pool of qualified vaccinators. With over 19,000 employees and a presence in 31 countries, Henry Schein continues to prioritize health equity while offering over 300 solutions for healthcare professionals.
The Henry Schein Cares Foundation has launched the second phase of its ‘Wearing is Caring’ campaign, aimed at improving awareness of the link between oral health and overall wellness. In partnership with The UPS Foundation, funding is directed towards the Special Olympics Healthy Athletes® programs in Louisiana, Georgia, and Mississippi, which provide crucial health screenings for athletes. The program showed significant improvements in oral health, with 67% of participants reporting no mouth pain and 25% reporting no untreated decay after care.
Henry Schein, the largest health care solutions provider for dental and medical practitioners, announced amendments to its private placement facility agreements to reinstate its share repurchase program. With $201 million authorized for future stock repurchases, this move reflects the company's ongoing commitment to increasing shareholder value. CEO Stanley M. Bergman emphasized that strong cash flow allows continued investment in strategic acquisitions and share repurchases, enhancing returns on capital.
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