trending Market Intelligence /marketintelligence/en/news-insights/trending/jxlx2re5w738nutamgufhq2 content esgSubNav
In This List

Henry Schein Q4'17 profit climbs YOY on per-share basis

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Henry Schein Q4'17 profit climbs YOY on per-share basis

New York-based Henry Schein Inc. said its non-GAAP net income for the fourth quarter came to 97 cents per share, in line with the S&P Capital IQ normalized EPS consensus estimate.

EPS rose year over year from 94 cents.

Aggregate non-GAAP net income totaled $152.1 million, largely flat year over year.

Net sales climbed 6.3% on an annual basis to $3.32 billion from $3.12 billion.

On a GAAP basis, the company booked a loss of $8.5 million, or 6 cents per share, compared to an income of $139.2 million, or 86 cents per share, in the year-earlier period.

The company's GAAP earnings were impacted by a one-time charge of $143 million due to the U.S. tax reform, and a loss of $16.1 million in restructuring costs.

Full-year results

For full year 2017, the company's non-GAAP net income totaled $3.60 per share, also in line with the S&P Capital IQ normalized EPS consensus estimate.

EPS rose from $3.31 in the prior-year period.

Aggregate non-GAAP net income totaled $570.1 million, an increase from $541.2 million in 2016.

Full-year 2017 net sales increased 7.7% on an annual basis to $12.46 billion from $11.57 billion.

The company said GAAP net income fell on an annual basis to $406.3 million, or $2.57 per share, from $506.8 million, or $3.10 per share, in 2016.

Moving ahead, the company raised its EPS guidance for the year to a range of $4.03 to $4.14 from $3.85 to $3.96 previously.