Henry Schein, Inc. (HSIC) Q4 2022 Earnings Call Transcript

Henry Schein, Inc. (NASDAQ:HSIC) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET

Company Participants

Graham Stanley - VP, IR & Strategic Finance Project Officer

Stanley Bergman - Executive Chairman & CEO

Ronald South - SVP & CFO

Conference Call Participants

Jeffrey Johnson - Robert W. Baird & Co.

Elizabeth Anderson - Evercore ISI

Jason Bednar - Piper Sandler & Co.

Kevin Caliendo - UBS

Jonathan Block - Stifel, Nicolaus & Company

Nathan Rich - Goldman Sachs Group

Operator

Good morning, ladies and gentlemen, and welcome to Henry Schein's Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]. And as a reminder, this call is being recorded. I would now like to introduce your host for today's call, Graham Stanley, Henry Schein's Vice President of Investor Relations and Strategic Financial Project Officer. Please go ahead, Graham.

Graham Stanley

Thank you, operator, and my thanks to each of you for joining us to discuss Henry Schein's financial results for the fourth quarter of 2022. 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. And 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. Our conference call remarks will include both GAAP and non-GAAP financial results. We believe the non-GAAP financial measures provide investors with useful supplemental information and 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.

These non-GAAP financial measures are presented solely for informational and comparative purposes and should not be regarded as a replacement of the corresponding GAAP measures. Reconciliations between GAAP and non-GAAP measures can be found in the Supplemental Information section of our Investor Relations website and in Exhibit B of today's press release, which is also available in the Investor Relations section of the website.