Sales Growth Across All Segments
Henry Schein reported sales growth of 5.2% compared to the third quarter of 2024, with constant currency sales growth of 4.0%. The global distribution and value-added services group saw sales growth of 4.8%, and the Global Specialty Products Group reported a 5.9% increase.
Successful Execution of BOLD+1 Strategy
The BOLD+1 strategy has been a success, with an expected $200 million improvement in operating income over the next few years. Key areas of focus include centralization of support services, indirect procurement, and automating processes.
Strong Growth in Global Technology Group
The Global Technology Group experienced total sales growth of 9.7%, driven by a 20% year-over-year increase in cloud-based practice management solutions customers.
Increased Share Repurchase Program
Henry Schein's Board approved a $750 million increase in the share repurchase program, with expectations to maintain the pace of buybacks.
Improved Operating Income and Margins
Non-GAAP operating margin increased by 19 basis points compared to the previous year.