Henry Schein (HSIC) Q4 Earnings And Revenues Top Estimates
Zacks Investment Research | Feb 19, 2020 09:54PM ET
Henry Schein, Inc. (NASDAQ:HSIC) reported adjusted earnings per share (EPS) from continuing operations of 97 cents in the fourth quarter of 2019, up 8.9% year over year. Adjusted EPS beat the Zacks Consensus Estimate by 6.6% on revenue growth across each of its operating segments.
On a reported basis, EPS from continuing operations was $2.25, showing a stupendous increase of 192.2% on a year-over-year basis primarily due to a net gain on the sale of equity investments.
For 2019, adjusted EPS was $3.51, up 10.7% from the year-ago period. The bottom line beat the Zacks Consensus Estimate by 1.7%.
Revenues in Detail
Henry Schein reported net sales of $2.67 billion in the fourth quarter, up 8.1% year over year. The metric beat the Zacks Consensus Estimate by 1.1%. The year-over-year improvement came on the back of 5.8% internal sales growth in local currencies along with acquisition growth of 3.1%. Unfavorable foreign currency exchange made a 1% impact on the top line.
Excluding product sales to Covetrus under the transition services agreement related to Henry Schein’s Animal Health spin-off, normalized internal sales growth in local currencies was 4.9%.
Henry Schein, Inc. Price, Consensus and EPS Surprise
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