Henry Schein, Inc. reported its fourth-quarter 2024 total sales of $3.2 billion, an increase of 5.8% year-over-year, and full-year 2024 sales of $12.7 billion, up 2.7%. The fourth-quarter non-GAAP diluted EPS was $1.19, an 80.3% increase compared to Q4 2023, while full-year 2024 non-GAAP diluted EPS reached $4.74.
The company provided detailed financial guidance for 2025, projecting non-GAAP diluted EPS in the range of $4.80 to $4.94, representing 1% to 4% growth over 2024. Total sales growth for 2025 is expected to be between 2% and 4%, with adjusted EBITDA projected to increase in the mid-single digits.
Henry Schein announced a simplified organizational structure, appointing Andrea Albertini to lead the Global Distribution and Value-Added Services Group and Global Technology Group, and Tom Popeck to lead the Global Specialty Products Group. This restructuring aims to leverage the product portfolio and grow the e-commerce business.
The company achieved 41% of its worldwide operating income from high-growth, high-margin businesses in 2024, exceeding its target. Restructuring activities in the third and fourth quarters of 2024 are estimated to provide over $80 million in annual run-rate savings, with a goal of $75 million to $100 million by the end of 2025.
During the fourth quarter of 2024, Henry Schein repurchased approximately 1.1 million shares for $75 million, bringing the full-year repurchases to $385 million. The Board authorized an additional $500 million for future stock repurchases, including a $250 million Accelerated Share Repurchase program.
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