Profit margins increase as Henry Schein Inc. sees a 1.1% growth in revenue for Q2.
Henry Schein Inc. [HSIC] reported a net income of $104 million for the second quarter ended June 29, 2024. This represents a decrease from the previous quarter's net income of $140 million.
The company, headquartered in Melville, New York, reported to SEC in an 8-K filing $0.80 earnings per share in the quarter, compared to $1.06 in the previous quarter.
Henry Schein Inc., a key player in the healthcare industry, reported a total revenue of $3.1 billion. This represents a 1.1% increase from the previous quarter's revenue, showcasing steady growth in the company's financial performance.
Compared to the same quarter in the previous year, Henry Schein Inc. experienced a marginal revenue increase of 1.1%, reflecting stable performance in the healthcare sector. Additionally, the company's net income saw a 25.8% decrease in the current quarter compared to the same quarter last year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Dec 30, 2023 | Sep 30, 2023 | Jul 01, 2023 | Apr 01, 2023 |
|---|
Income Statement |
| Revenue | $12,339.0 | $3,162.0 | $3,100.0 | $3,060.0 |
| Operating Profit | $615.0 | $200.0 | $201.0 | $175.0 |
| Net Income | $436.0 | $143.0 | $148.0 | $128.0 |
| Net Cash | $54.0 | $49.0 | $20.0 | $9.0 |
| Gross Margin | $3,861.0 | $995.0 | $975.0 | $966.0 |
| Operating Margin | $0.0 | $0.0 | $0.0 | $0.0 |
| Profit as % of Revenues | 31.29 | 31.47 | 31.45 | 31.57 |
| Profit as % of Assets | 4.55 | 1.55 | 1667323.83 | 1490191.51 |
| Profit as % of Stockholder Equity | 10.17 | 3.34 | 3535594.84 | 3101526.53 |
| Return on Equity | 10.17 | 3.34 | 3535594.84 | 3101526.53 |
| Return on Assets | 4.12 | 1.46 | 1618193.75 | 1493233.78 |
| Turnover Ratio | 1.29 | 0.34 | 349236.75 | 356248.91 |
| EBITA | $0.0 | $0.0 | $250.0 | $219.0 |
Balance Sheet |
| Total Assets | $10,573.0 | $9,810.0 | $9,146.0 | $8,572.0 |
| Total Liabilities | $5,420.0 | $4,709.0 | $4,140.0 | $3,875.0 |
Cash Flow Statement |
| Operating Cash Flow | $500.0 | $532.0 | $301.0 | $27.0 |
| Investing Cash Flow | -$1,135.0 | -$808.0 | -$340.0 | -$39.0 |
| Financing Cash Flow | $701.0 | $307.0 | $59.0 | $21.0 |
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