HSIC - Dental Supplies Distributor Henry Schein's Tech Segment Provides Some Stability In Challenging Macro Times: Analyst | Benzinga
Tuesday, Henry Schein Inc (NASDAQ:HSIC) reported a first-quarter adjusted EPS of $1.10, down 9% Y/Y, beating the consensus of $1.01.
Sales were $3.17 billion, an increase of 3.7% Y/Y, missing the consensus of $3.21 billion.
Internal sales decreased 1.8%, which includes an approximate 300 to 400 basis points decrease in sales from the residual impact of last year’s cyber incident and a 60 basis point decrease in sales due to lower personal protective equipment sales, primarily due to lower glove pricing.
“Our first-quarter financial results reflect solid earnings driven by gross margin expansion and a strong recovery from last quarter’s cyber incident,” said Stanley Bergman, Chairman and CEO of ...