Henry Schein Reports Record Fourth Quarter and Full Year 2017 Financial Results

Tuesday, February 20, 2018 General News
Email Print This Page Comment bookmark
Font : A-A+

Raises 2018 diluted EPS guidance range to reflect the impact of U.S. tax reform legislation

Management believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance and allow for greater transparency with respect to key metrics used by management in operating our business. These non-GAAP financial measures are presented solely for informational and comparative purposes and should not be regarded as a replacement for corresponding, similarly captioned, GAAP measures.

(1)  Represents a Q2 2017 pre-tax charge of $5,325 related to a litigation settlement.  The associated tax benefit of $2,130 resulted in a net after tax charge of $3,195.

(2)  Represents a Q4 2017 loss on divestiture of an equity ownership in E4D. There was no tax benefit recognized related to this loss.

(3)  Represents a Q4 2017 one-time-charge of $140,000 related to an estimate of the transition tax on deemed repatriated foreign earnings.

(4)  Represents Q4 2017 one-time-charge of $2,952 for the revaluation of deferred taxes associated with U.S. tax reform legislation.

(5)  Represents Q4 2016 restructuring costs of $16,080, net of $4,020 tax benefit, resulting in an after-tax effect of $12,060 and 2016 full-year restructuring costs of $45,891, net of $11,473 tax benefit, resulting in an after-tax effect of $34,418.

Advertisement


Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store