Henry Schein, Inc. (HSIC) CEO Stanley Bergman on Q3 2022 Results - Earnings Call Transcript

Henry Schein, Inc. (NASDAQ:HSIC) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET

Company Participants

Graham Stanley - VP of IR & Strategic Financial Project Officer

Stanley Bergman - Executive Chairman & CEO

Ron South - SVP & CFO

Conference Call Participants

Jeff Johnson - Baird

Elizabeth Anderson - Evercore ISI

Brandon Vazquez - William Blair

A.J. Rice - Credit Suisse

Jon Block - Stifel

Erin Wright - Morgan Stanley

Jason Bednar - Piper Sandler

Operator

Good morning, ladies and gentlemen, and welcome to Henry Schein’s Third Quarter 2022 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] 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, Vice President of Investor Relations and Strategic Financial Project Officer. Thank you, sir. 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 third 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’s 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. 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 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. These non-GAAP financial measures are presented certainly for informational and comparative purposes and should not be regarded as a replacement for 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 our website.