Henry Schein Inc - HSIC STOCK NEWS

Henry Schein, a leading provider of health care solutions, will present at three investor conferences in December 2020. The events include the Piper Sandler 32nd Annual Healthcare Conference on December 1 at 1:00 p.m. ET, Evercore ISI 3rd Annual HealthCONx Virtual Conference on December 2 at 10:30 a.m. ET, and Nasdaq 43rd Virtual Investor Conference on December 4 at 11:30 a.m. ET. These presentations can be accessed via live webcast on the company's website, with replays available afterward.

Henry Schein reported record financial results for Q3 2020, with net sales reaching $2.8 billion, a 13.2% increase from Q3 2019. GAAP net income from continuing operations was $141.7 million or $0.99 per diluted share, reflecting an increase from the previous year. Non-GAAP net income grew to $147.0 million, or $1.03 per diluted share. Strong sales growth was driven by PPE and COVID-19-related products. However, the company anticipates sales growth to moderate going forward. There remains uncertainty due to the pandemic, prompting the company to withhold future financial guidance.

Henry Schein announced an exclusive distribution agreement with Carrizo Dental to distribute Henry Schein-brand products in Argentina. This partnership enhances access to a variety of dental supplies for local practitioners, who previously had to import products from other markets. The agreement aims to streamline the purchasing process and improve clinical outcomes with local support and product training available. This collaboration reflects Henry Schein’s commitment to advancing local oral health care in Argentina.

Henry Schein, Inc. (Nasdaq: HSIC), a leader in health care solutions, has announced its participation in two virtual investor conferences in November 2020. The events include the Credit Suisse 29th Annual Virtual Healthcare Conference on November 10 at 2:00 pm ET, and the Wolfe Research Virtual Healthcare Conference on November 19 at 3:30 pm ET. Interested parties can access live webcasts of the presentations at www.henryschein.com/IRwebcasts, with replays available after the events.

Henry Schein (Nasdaq: HSIC) and The Dentists Supply Company (TDSC) have completed an agreement to form a new entity aimed at serving state dental association members through an online platform. Known as TDSC.com, this service will provide everyday low pricing for dental supplies. Henry Schein is the majority owner of TDSC, which had 2019 sales of approximately $20 million. The partnership is expected to be neutral to Henry Schein’s 2020 earnings per diluted share and accretive thereafter, enhancing their online order capabilities and product offerings.

Henry Schein (Nasdaq: HSIC) continues its commitment to cancer support through the Practice Pink® program, now in its 14th year, donating over $1.7 million towards cancer detection and care. The program collaborates with various nonprofits, including the American Cancer Society, and promotes awareness in the dental and medical fields by offering pink-themed products. CEO Stanley M. Bergman emphasizes the collective efforts to improve access to treatment and prevention. For further details on this initiative, visit www.henryschein.com/PracticePink.

Henry Schein Cares Foundation, in collaboration with The UPS Foundation, has launched the 'Wearing is Caring' campaign to raise awareness about health care disparities and COVID-19 precautions. The initiative includes financial support for organizations like NNOHA and NAFC, and the donation of reusable cloth face coverings to communities in need. Focused on health equity, the campaign aims to improve public health safety in high-risk areas, aligning with CDC and WHO guidelines. Notably, Henry Schein’s efforts showcase corporate commitment to community health during the pandemic.

Henry Schein, the largest provider of healthcare solutions to dental and medical practitioners, will release its third quarter 2020 financial results on November 2, 2020, before the market opens. A live webcast of the earnings conference call will begin at 10:00 a.m. Eastern Time on the same day, featuring Stanley M. Bergman and Steven Paladino. Investors can access the call through www.henryschein.com/IRwebcasts, with a replay available later. Henry Schein, a member of the S&P 500, had sales of $10.0 billion in 2019.