Henry Schein, Inc. (HSIC) Q1 2023 Earnings Call Transcript

Henry Schein, Inc. (NASDAQ:HSIC) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET

Company Participants

Graham Stanley - VP, IR & Strategic Financial Project Officer

Stanley Bergman - Chairman & CEO

Ron South - SVP & CFO

Conference Call Participants

Jason Bednar - Piper Sandler

Nathan Rich - Goldman Sachs

A.J. Rice - Credit Suisse

Jeff Johnson - Baird

Jon Block - Stifel

Elizabeth Anderson - Evercore ISI

Kevin Caliendo - UBS

Brandon Vazquez - William Blair

Erin Wright - Morgan Stanley

Operator

Good morning, ladies and gentlemen, and welcome to Henry Schein's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions]. As a reminder, this call is being recorded.

And now, I would like to introduce you to your host for today's call, Graham Stanley, Henry Schein's Vice President of Investor Relations and Strategic Financial Project Officer. Thank you, Graham. Please go ahead.

Graham Stanley

Thank you, operator, and my thanks to you for joining us to discuss Henry Schein's financial results for the first quarter of 2023. With me on the call today are Stanley Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein; and Ron South, Senior Vice President and Chief Financial Officer.

Before we begin, I'd like to state that certain comments made during this call will include information that is forward-looking. As you know, risks and uncertainties involved in the company's business may affect the matters referred to in forward-looking statements. As a result, the company's performance may materially differ from those expressed in or indicated by such statements. These forward-looking statements are qualified in their entirety by the cautionary statements contained in Henry Schein's filings with the Securities and Exchange Commission, and included in the Risk Factors section of those filings.

In addition, all comments about the markets we serve, including end market growth rates and market share, are based upon the company's internal analysis and estimates. Today's remarks will include both GAAP and non-GAAP financial results. We believe that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable the comparison of financial results between periods where certain items may vary independently of business performance and allow for greater transparency with respect to key metrics used by management in operating our business.