Henry Schein shares hit 3-month low after quarterly profit miss

Henry Schein

05/08/2025 15:03

Updates

** Shares of dental products distributor Henry Schein HSIC.O fall as much as 8% to a 3-month low of $64.52

** HSIC posts Q2 adj. profit per share of $1.10, below analysts' average estimate of $1.19, according to data compiled by LSEG

** Quarterly revenue came in at $3.24 billion, slightly above estimates of $3.22 billion

** Company reaffirmed its 2025 adj. profit per share forecast in the range of $4.80 and $4.94, and annual sales growth of 2% to 4%

** Company says it expects to achieve annual run-rate savings of over $100 million by the end of 2025

        ** "Our guidance assumes that foreign currency exchange rates will remain generally consistent at current levels and that the effects of tariffs can be mitigated," says CFO Ronald South in an investor call

** Stifel says "while we acknowledge investor optimism around future cost-cutting opportunities (and the accompanying earnings power) that may follow KKR's increased presence, we believe the near-term low-hanging fruit may be limited"

** Including session moves, stock down 5.8% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))