Henry Schein (NSDQ:HSIC) raised its 2021 guidance after reporting first-quarter financial results that topped the consensus forecast.
The Melville, N.Y.-based company posted profits of $166 million, or $1.16 per share, on sales of $2.9 billion for the three months ended March 27, 2021, for a 27.4% bottom-line gain on sales growth of 20.4% year-over-year.
Adjusted to exclude one-time items, earnings per share were $1.24, 40¢ ahead of Wall Street, where analysts were looking for sales of $2.8 billion.
The company’s medical segment registered global sales growth of 24% for the quarter, while its dental business’ revenues increased 21.3% year-over-year.
“We are pleased with exceptional first-quarter global financial performance versus the comparable prior-year period, and also compared to the first quarter of 2019, which is the result of planning and excellent execution across all of our businesses. We also delivered a very strong operatin…