The Melville, N.Y.–based company posted profits of $148.9 million, or 91¢ per share, on sales of $2.51 billion for the three months ended Sept. 28, for a 15.7% bottom-line gain on sales growth of 6.5%.
Adjusted to exclude one-time items, earnings per share were 90¢, 4¢ ahead of Wall Street, where analysts were looking for sales of $2.52 billion.
“Our third-quarter financial results are solid with increases in diluted EPS from continuing operations of 54.2% on a GAAP basis and 15.4% on a non-GAAP basis,” CEO & chairman of the board Stanley Bergman said in prepared remarks. “We continue to make progress in growing organically with a focus on sales of higher-margin products while making strategic investments to supplement growth in the years ahead.”
Henry Schein said it now expects to log adjusted EPS of $3.41 to $3.47. The company did not offer sales guidance for 2019.
HSIC shares were up 1.5% at $66.74 per share in midday trading today.