AI Earnings Predictions for Henry Schein Inc. (HSIC)

EX-99.1

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EX-99.1

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FOR IMMEDIATE RELEASE

HENRY SCHEIN REPORTS STRONG 2026 THIRD QUARTER AND RAISES FY2026 GUIDANCE

●

Q3 2026 GAAP diluted EPS of $1.06, up 26.2% versus prior year;

Q3 2026 non-GAAP diluted EPS of $1.56,

up 13.0% versus prior year

●

4.0% total sales growth, driven by 8.6% U.S. dental merchandise sales growth due primarily to volume

from

market share gains

●

Raises FY2026 guidance for non-GAAP diluted EPS

(A)

to $5.50 to $5.56 and Adjusted EBITDA growth to

high-single-digits reflecting strong operating performance,

net tariff refund benefits, and targeted, limited

growth-investments

MELVILLE, N.Y.,

November 3, 2026 –

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of healthcare

solutions to office-based dental and medical practitioners, today reported financial results

for the third quarter ended

September 26, 2026. The Company reported $3.5 billion in sales with

total growth of 4.0%,

and 3.1% internally in local

currencies. GAAP earnings per share grew 26.2% versus the prior year. Non-GAAP earnings per share grew 13.0%,

or

19.1% when excluding current-quarter net tariff refunds and the prior-year

remeasurement gains (refer to Exhibit D).

“We delivered another strong quarter that increases our confidence in the momentum we are building at Henry

Schein. I am very pleased with the U.S. dental merchandise sales

growth of 8.6% driven primarily by volume in a stable

market and our 19%

adjusted earnings per share growth

4

,” said Fred Lowery, Chief Executive Officer of Henry Schein.

“Our strategy is translating into stronger financial results. We are gaining share in key businesses, improving our portfolio

mix,

maintaining a disciplined approach to capital allocation, and realizing

the benefits of our value creation initiatives,”

Mr. Lowery added.

Third Quarter 2026

Financial Results

●

Total

net sales

for the quarter were $3.5 billion,

an increase of 4.0% in total compared to the third quarter of

2025, reflecting 3.1% internal sales growth, 0.7% sales growth from

acquisitions, and a 0.2% increase resulting

from foreign currency exchange. Third quarter sales growth is

detailed in Exhibit A

1

.

●

Global Distribution and Value-Added Services sales

for the quarter increased 3.7% in total, reflecting 2.9%

internal sales growth, 0.5% sales growth from acquisitions, and

a 0.3% increase from foreign currency exchange

compared with the third quarter of 2025. The main components compared

with the third quarter of 2025 are:

●

Global Dental Distribution merchandise sales

for the quarter increased 7.0% in total, and by 5.1%

internal sales growth, compared with the third quarter of 2025.

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●

Global Dental Distribution equipment sales

for the quarter increased 2.3% in total,

and by 2.4%

internal sales growth, compared with the third quarter of 2025.

●

Global Medical Distribution sales

for the quarter increased 1.1% in total, and by 1.0% internal

sales

growth, compared with the third quarter of 2025.

●

Global Value-Added Services sales

for the

quarter decreased 4.8%, on both a reported and internal

sales growth basis,

compared with the third quarter of 2025.

●

Global Specialty Products sales

for the quarter increased 6.1% in total,

reflecting 3.4% internal sales growth,

2.6% sales growth from acquisitions, and a 0.1% increase resulting

from foreign currency exchange,

compared

with the third quarter of 2025.

●

Global Technology sales

for the quarter increased 5.2%

in total,

reflecting 6.5% internal sales growth, 1.3% sales

decrease due to a business disposal,

and no impact from foreign currency exchange,

compared with the third quarter

of 2025.

●

GAAP net income

2

for the quarter was $119 million. GAAP diluted earnings per share were $1.06 per diluted

share

3

, up 26.2% compared with the third quarter of 2025.

●

Non-GAAP net income

2

for the quarter was $175 million. Non-GAAP diluted earnings per share

were $1.56 per

diluted share, up 13.0% compared with the third quarter of 2025.

●

The Company recognized a $0.19

per diluted share

3,4

net benefit from tariff refunds

in the third quarter of 2026,

and a $0.23 per diluted share

3,4

remeasurement gain

in the third quarter of 2025, included in our GAAP and non-

GAAP results.

●

Excluding these items, non-GAAP diluted EPS was $1.37

4

compared with $1.15

4

in the prior-year period, an

increase of 19.1%.

●

Adjusted EBITDA

5

for the quarter was $321 million, compared

with Adjusted EBITDA for the third quarter 2025

of $295 million, with Adjusted EBITDA margin growing 40 basis points to 9.24%.

Year

-to-Date Financial Results

●

Total

net sales

for the first nine months of 2026 were $10.3 billion, an increase

of 5.6% in total compared to the

first nine months of 2025, reflecting 3.4% internal sales growth, 0.7% sales

growth from acquisitions, and a 1.5%

increase resulting from

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