Henry Schein Reports Record Second Quarter Financial Results

Tuesday, August 8, 2017 General News
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GAAP diluted EPS of $1.71 up 17.1% over prior-year GAAP diluted EPS; non-GAAP diluted EPS of $1.75 up 6.7% over prior-year non-GAAP diluted EPS

Exhibit B

Henry Schein, Inc.

2017 Second Quarter and YTD

Reconciliation of GAAP results of net income attributable to Henry Schein, Inc. to

non-GAAP results of net income attributable to Henry Schein, Inc.

(in thousands, except per share data)

(unaudited)

Second Quarter

Year-to-Date

%

%

2017

2016

Growth

2017

2016

Growth

Net Income attributable to Henry Schein, Inc.

$

136,055

$

120,097

13.3%

$

276,803

$

233,849

18.4%

Diluted EPS attributable to Henry Schein, Inc.

$

1.71

$

1.46

17.1%

$

3.48

$

2.83

23.0%

Non-GAAP Adjustments

Restructuring costs - Pre-tax

$

-

$

20,383

$

-

$

24,441

Income tax benefit for restructuring costs

-

(5,096)

-

(6,110)

Litigation settlement - Pre-Tax

5,325

-

5,325

-

Income tax benefit for litigation settlement

(2,130)

-

(2,130)

-

Total non-GAAP adjustments to Net Income

attributable to Henry Schein, Inc.

$

3,195

$

15,287

$

3,195

$

18,331

Total non-GAAP adjustments to diluted EPS

attributable to Henry Schein, Inc.

$

0.04

$

0.18

$

0.04

$

0.22

Non-GAAP Net Income attributable to Henry Schein, Inc.

$

139,250

$

135,384

2.9%

$

279,998

$

252,180

11.0%

Non-GAAP diluted EPS attributable to Henry Schein, Inc.

$

1.75

$

1.64

6.7%

$

3.52

$

3.05

15.4%



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