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Home » Henry Schein posts Street-beating Q1 results

Henry Schein posts Street-beating Q1 results

May 3, 2022 By Danielle Kirsh

Henry ScheinHenry Schein (Nasdaq:HSIC) today posted first-quarter results that beat the overall consensus forecast on Wall Street.

The Mellville, N.Y.-based dental supplier reported profits of $181 million, or $1.30 per share, on sales of $3.2 billion, for the three months ended March 26, for a bottom-line gain of 9% on sales growth of 8.7% compared with Q1 2021.

Adjusted to exclude one-time items, earnings per share were $1.30, 11¢ ahead of The Street, where analysts were looking for sales of $3.13 billion.

“2022 is off to a strong start with record first-quarter financial results as we successfully execute on our new 2022-2024 strategic plan,” CEO Stanley Bergman said in a news release.

“First-quarter growth in our dental business was driven by strong global equipment sales as dentists continued to invest in their practices, and consumable merchandise sales recovered well during the second half of the quarter.”

Henry Schein expects 2022 GAAP diluted EPS to be in the range of $4.75 to $4.91 to reflect 7% to 10% growth compared with 2021 GAAP diluted EPS. The company expects full-year sales growth to be 5% to 8% over 2021.

Shares in HSIC were up 1.33% to $81.52 apiece at market open.

Filed Under: Business/Financial News, Dental, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Henry Schein

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About Danielle Kirsh

Danielle Kirsh is an award-winning journalist and senior editor for Medical Design & Outsourcing, MassDevice, and Medical Tubing + Extrusion, and the founder of Women in Medtech and lead editor for Big 100. She received her bachelor's degree in broadcast journalism and mass communication from Norfolk State University and is pursuing her master's in global strategic communications at the University of Florida. You can connect with her on Twitter and LinkedIn, or email her at [email protected].

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