financetom
Business
financetom
/
Business
/
Henry Schein beats quarterly profit estimates on lower costs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Henry Schein beats quarterly profit estimates on lower costs
Nov 6, 2024 12:25 AM

Nov 5 (Reuters) - Dental products distributor Henry

Schein beat third-quarter profit estimates on Tuesday,

as a series of cost-saving measures helped counter tepid demand

and slow recovery from a cyberattack it disclosed in October

last year.

The company, which supplies products such as dental implants

and personal protective equipment (PPE), had faced disruptions

in manufacturing and distribution units after the cybersecurity

breach, which caused it to take some of its systems offline.

The results "showed strong cost discipline in the face of a

tough operating environment," Leerink Partners analyst Michael

Cherny said in a note.

The company raised the lower end of its adjusted annual

profit per share forecast to $4.74 from a prior view of $4.70,

while maintaining the upper end at $4.82.

Analysts on average expect its annual profit to be $4.75 per

share, according to data compiled by LSEG.

Henry Schein said it is on track to meet its goal of

saving $75 million to $100 million by the end of next year as

part of a restructuring plan announced in August.

The company recorded $48 million in restructuring costs in

the quarter ended Sept. 28.

Its third-quarter adjusted earnings came in at $1.22 per

share, beating estimates of $1.17.

However, its quarterly revenue of $3.17 billion missed

estimates of $3.24 billion, hurt by lower sales of PPE and slow

recovery from the cyberattack.

Sales at its dental unit, which supplies implants and

tooth-whitening products, among other items, came in at $1.85

billion, below expectations of $1.89 billion.

Henry Schein's selling, general and administrative expenses

came in at $724 million, compared with expectations of $796.61

million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Blue Owl Capital Corporation and Blue Owl Capital Corporation II Announce Termination of Merger
Blue Owl Capital Corporation and Blue Owl Capital Corporation II Announce Termination of Merger
Nov 19, 2025
Analysis continues to show merger will create long-term value, but current market volatility is cause to reevaluate alternatives in the future NEW YORK, Nov. 19, 2025 /PRNewswire/ -- Blue Owl Capital Corporation ( OBDC ) and Blue Owl Capital Corporation II (OBDC II) today announced that the previously proposed merger of OBDC and OBDC II has been terminated, with plans...
Blue Acquisition to Combine With Blockfusion to Form Publicly Traded Data Center Firm
Blue Acquisition to Combine With Blockfusion to Form Publicly Traded Data Center Firm
Nov 19, 2025
09:08 AM EST, 11/19/2025 (MT Newswires) -- Blue Acquisition ( BACC ) and Blockfusion have agreed to a business combination deal. The deal values Blockfusion at an implied pre-money enterprise value of $480 million, the companies said. Upon consummation of the merger with the blank-check company Blue Acquisition ( BACC ), Blockfusion's business will be operated by the surviving public...
Pottery Barn owner Williams-Sonoma slightly beats Q3 revenue estimates
Pottery Barn owner Williams-Sonoma slightly beats Q3 revenue estimates
Nov 19, 2025
Overview * Williams-Sonoma ( WSM ) Q3 revenue slightly beats analyst expectations, with a 4% comp brand revenue growth * Adjusted EPS for Q3 beats consensus, reflecting strong operational performance * Company announced new $1 bln stock repurchase authorization, indicating confidence in future growth Outlook * Williams-Sonoma ( WSM ) raises fiscal 2025 operating margin guidance to 17.8% to 18.1%...
BRIEF-Buckley Capital Advisors Issues Statement Regarding Controlling Shareholder's Take-Private Proposal For Priority Technology Holdings, Inc.
BRIEF-Buckley Capital Advisors Issues Statement Regarding Controlling Shareholder's Take-Private Proposal For Priority Technology Holdings, Inc.
Nov 19, 2025
Priority Technology Holdings Inc ( PRTH ): * BUCKLEY CAPITAL ADVISORS ISSUES STATEMENT REGARDING CONTROLLING SHAREHOLDER'S TAKE-PRIVATE PROPOSAL FOR PRIORITY TECHNOLOGY HOLDINGS, INC. * BUCKLEY CAPITAL ADVISORS: OPPOSES TAKE-PRIVATE PROPOSAL FOR PRIORITY TECHNOLOGY * BUCKLEY CAPITAL - HOLDS ABOUT 2.2% OF PRIORITY TECHNOLOGY SHARES * BUCKLEY CAPITAL ADVISORS: CALLS FOR PRIORITY'S SPECIAL COMMITTEE TO COMMIT TO INDEPENDENT, ROBUST & TRANSPARENT...
Copyright 2023-2026 - www.financetom.com All Rights Reserved