financetom
Business
financetom
/
Business
/
Henry Schein falls after missing quarterly profit estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Henry Schein falls after missing quarterly profit estimates
Aug 5, 2025 4:52 AM

Aug 5 (Reuters) - Henry Schein missed Wall

Street estimates for second-quarter profit and maintained its

annual forecast on Tuesday, due to softer demand for its dental

products in the United States.

Shares of the Melville, New York-based dental and medical

products distributor fell nearly 5% in premarket trading.

High interest rates and inflationary pressures have hurt

demand for non-urgent procedures such as orthodontic treatment

and higher-end restorative dental procedures.

The company said while its sales showed strong growth in

international markets, it recorded a slowdown in U.S. orders

beginning in May due to economic uncertainty from tariffs, but

sales returned to normal by the end of the quarter.

Henry Schein, which has seen declining revenue over the past

two years, has come under pressure from investors to diversify

its operations to better compete with larger distribution peers.

Private equity firm KKR in January took a 12% stake

in Henry Schein, becoming the largest non-index fund

shareholder, and reached a deal to add members to the company's

board.

Henry Schein reaffirmed its 2025 adjusted profit per share

forecast in the range of $4.80 and $4.94, and annual sales

growth of 2% to 4%.

"We expect 2025 to be the base year from which to grow and

achieve our previously provided long-term goal of high-single

digit to low-double digit earnings growth," CEO Stanley Bergman

said.

On an adjusted basis, the company earned profit per share of

$1.10 for the second quarter ended June 28, below analysts'

average estimate of $1.19, according to data compiled by LSEG.

Quarterly revenue came in at $3.24 billion, slightly above

estimates of $3.22 billion.

(Reporting by Siddhi Mahatole in Bengaluru; Editing by Shailesh

Kuber and Shinjini Ganguli)

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 >
Spirit Airlines not considering Chapter 11 bankruptcy, CNBC reports
Spirit Airlines not considering Chapter 11 bankruptcy, CNBC reports
Jun 7, 2024
June 7 (Reuters) - Ultra low-cost carrier Spirit Airlines ( SAVE ) is not considering a Chapter 11 bankruptcy, CNBC reported on Friday. Shares of the company were down about 1.2% in morning trade. ...
FDA Approves Geron's First Commercial Drug, Competes With Bristol Myers Squibb's Blood Cancer Drug
FDA Approves Geron's First Commercial Drug, Competes With Bristol Myers Squibb's Blood Cancer Drug
Jun 7, 2024
On Thursday, the FDA approved Geron Corporation's ( GERN ) Rytelo (imetelstat) for adult patients with low-to intermediate-1 risk myelodysplastic syndromes (MDS) with transfusion-dependent anemia. The approval covers patients requiring four or more red blood cell units over eight weeks who have not responded to or have lost response to or are ineligible for erythropoiesis-stimulating agents. In March, by a...
Toromont Industries Rating Confirmed by DBRS
Toromont Industries Rating Confirmed by DBRS
Jun 7, 2024
09:50 AM EDT, 06/07/2024 (MT Newswires) -- Morningstar DBRS on Friday confirmed the issuer rating and the senior unsecured debentures credit rating of Toromont Industries ( TMTNF ) at A (low) with Stable trends. The credit rating confirmations reflect the company's track record of strong operating performance and disciplined financial policies, the rating agency said. The company's stock edged down...
Brazil's BTG close to announcing New York bank acquisition, Bloomberg News reports
Brazil's BTG close to announcing New York bank acquisition, Bloomberg News reports
Jun 7, 2024
June 7 (Reuters) - Brazil's Banco BTG Pactual SA is close to announcing the acquisition of a wealth-management bank in New York as part of a global expansion, Bloomberg News reported on Friday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved