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Henry Schein Reports Record Second Quarter Results
Date:8/2/2012

cond quarter, Henry Schein had $143.1 million authorized for future repurchases of its common stock.

Year-to-Date Results
For the first half of 2012, net sales of $4.3 billion increased 5.4% compared with the first half of 2011.  This increase includes 7.4% growth in local currencies and a 2.0% decline related to foreign currency exchange.  In local currencies, internally generated sales increased 6.2% and acquisition growth was 1.2%.

Net income attributable to Henry Schein, Inc. for the first half of 2012 was $178.8 million or $1.98 per diluted share.  Excluding restructuring costs of $15.2 million pre-tax or $0.12 per diluted share, net income attributable to Henry Schein, Inc. for the first half of 2012 was $189.4 million or $2.09 per diluted share, an increase of 10.8% and 14.2%, respectively, compared with the first half of 2011 (see Exhibit B for reconciliation of GAAP net income and EPS to non-GAAP adjusted net income and EPS).

2012 EPS Guidance
Henry Schein today affirmed 2012 financial guidance, as follows:

  • For 2012 the Company expects diluted EPS attributable to Henry Schein, Inc. to be $4.30 to $4.40, which represents growth of 8% to 11% compared with 2011 results.
  • The Company notes that the 2012 fiscal year includes one less week than 2011.
  • Guidance for 2012 diluted EPS attributable to Henry Schein, Inc. excludes restructuring costs.
  • Guidance for 2012 diluted EPS attributable to Henry Schein, Inc. is for current continuing operations as well as completed or previously announced acquisitions, and does not include the impact of potential future acquisitions, if any.
  • Second Quarter Conference Call Webcast
    The Company will hold a conference call to discuss second quarter financial results today, beginning at 10:00 a.m. Eastern Time.  Individual investors are invited to listen to the conference call over the Internet through Henry Schein's Web site at

    SOURCE Henry Schein, Inc.
    Copyright©2012 PR Newswire.
    All rights reserved

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