Henry Schein(NASDAQ) HSIC

Henry Schein, Inc. NASDAQ:HSIC helps dentists and doctors get supplies for their offices. It provides tools like dental chairs and medicine to 1 million customers. It also makes software that helps doctors run their businesses.

What’s on the Menu?

• Global Dental: Supplies consumable merchandise such as infection control items and dental chairs; accounts for 53.6% of net sales in the three months ended June 27, 2026.
• Global Medical: Distributes medicine, vaccines, and surgical tools to physician practices and clinics; represented 30.6% of net sales in the three months ended June 27, 2026.
• Global Specialty Products: Manufactures dental implants and orthodontic supplies; contributed 12.1% of net sales in the three months ended June 27, 2026.
• Global Technology: Provides practice management software and digital services to help offices stay organized; accounted for 5.2% of net sales in the three months ended June 27, 2026.

Moves to Expand the Reach

• Committed to a restructuring plan on Aug. 6, 2024, to integrate acquisitions and increase efficiencies.
• Entered a strategic partnership agreement with KKR in January 2025.
• Appointed Frederick M. Lowery as the new chief executive officer effective March 2, 2026.
• Executed a $250 million accelerated share repurchase program in May 2025.

A Global Support Network

The company operates a global network with locations in 34 countries and territories to reach 1 million customers. Its One Schein initiative combines supply chain services, equipment sales, and software into a single program for medical practices.

Performance by the Numbers

• Net sales were $3.5 billion in the three months ended June 27, 2026, up 6.7% year over year.
• Gross profit reached $1.1 billion for the three-month period ended June 27, 2026, up 8.3% year over year.
• Global Technology sales rose 8.2% to $181 million during the three months ended June 27, 2026.
• Net cash provided by operating activities was $145 million for the six months ended June 27, 2026.

The Evolution of the Business

Henry Schein has transitioned from a traditional distributor to a comprehensive solutions provider for healthcare professionals. This evolution includes expanding into high-margin specialty manufacturing and digital practice management tools.