Sector: Healthcare|Industry: Medical Distribution|Market Cap: $8.95B|Employees: 25K
Henry Schein, Inc. provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services. The Health Care Distribution segment offers dental products, including infection-control products, handpieces, preventatives, impression materials, composites, anesthetics, teeth, dental implants, gypsum, acrylics, articulators, abrasives, dental chairs, delivery units and lights, X-ray supplies and equipment, personal protective equipment, and high-tech and digital restoration equipment, as well as equipment repair services. This segment also provides medical products, such as branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, X-ray products, equipment, and vitamins. The Technology and Value-Added Services segment offers software, technology, and other value-added services that include practice management software systems for dental and medical practitioners; and value-added practice solutions comprising practice consultancy, education, revenue cycle management and financial services, e-services, practice technology, and network and hardware services, as well as consulting, and continuing education services. Henry Schein, Inc. was founded in 1932 and is headquartered in Melville, New York.
The company reported a 2.7% increase in net sales, driven by growth in Global Distribution and Value-Added Services, Global Specialty Products, and Global Technology segments. This indicates a positive trend in revenue generation.
Operating expenses rose to $3.395 billion, primarily due to increases in selling, general, and administrative expenses. This rise in expenses partially offset revenue gains, leading to a smaller increase in operating income.
Net income attributable to Henry Schein, Inc. decreased to $390 million, reflecting the impact of increased operating expenses and other factors. This suggests challenges in maintaining profitability despite revenue growth.