Categories Earnings, Health Care

Earnings Summary: Henry Schein (HSIC) Q3 2023 financial results

Henry Schein, Inc. (Nasdaq: HSIC), a provider of healthcare solutions to office-based dental and medical practitioners, reported financial results for the third quarter of 2023.

  • Total net sales for the quarter were $3.2 billion, which is up 3.1% compared to the corresponding period of 2022
  • Net income came in at $137 million or $1.05 per share in Q3, vs. $150 million or $1.09 per share in the year-ago quarter
  • Adjusted earnings, excluding special items, was $173 million or $1.32 per share, vs. $177 million or $1.29 per share in Q3 2022
  • Global Dental sales came in at $1.9 billion in Q3, an increase of 5.4% from the prior-year period
  • Global Medical sales moved up 3.1% annually to $1.1 billion during the three-month period
  • At $120 million, Global Technology and Value-Added Services sales were up 18.8% year-over-year
  • The company invested $417 million in business acquisitions during the third quarter and $668 million year-to-date

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