Henry Schein introduces 2024 financial guidance

February 27, 2024- Henry Schein introduced financial guidance for 2024 on February 27, 2024. Guidance is for current continuing operations as well as announced acquisitions and does not include the impact of future share repurchases, potential future acquisitions, restructuring and integration expenses, amortization expense of acquired intangible assets, certain expenses directly associated with the cybersecurity incident or any potential insurance claim recovery. This guidance also assumes that foreign currency exchange rates remain generally consistent with current levels and that end markets remain consistent with current market conditions:

  • 2024 non-GAAP diluted EPS attributable to Henry Schein, Inc. is expected to be $5.00 to $5.16, reflecting growth of 11% to 15% compared with 2023 non-GAAP diluted EPS of $4.50. This guidance reflects:
    • an estimated residual impact of the cybersecurity incident of approximately $0.15 per diluted share, which will primarily impact the first quarter, and
    • an estimated increase in the non-GAAP effective tax rate from 23% to 25%, or approximately $0.13 per diluted share.
  • 2024 sales growth is expected to be approximately 8% to 12% over 2023, and reflects the expected merchandise sales recovery subsequent to the cybersecurity incident, and sales from the acquisitions completed in 2023.
  • 2024 Adjusted EBITDA is expected to increase by more than 15%.

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