Henry Schein (NASDAQ: HSIC) reported Q4 EPS of $1.12, $0.01 better than the analyst estimate of $1.11. Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.46 billion.

"This has been a historic year at Henry Schein as we further positioned the company to advance our 2018 to 2020 strategic plan. This included the creation of our Henry Schein One dental technology business, the spin-off of our animal health business into Covetrus (CVET) and restructuring efforts, which together are strategically positioning Henry Schein for continued success," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "We thank our Team Schein Members across the globe for their significant contributions to these important efforts."

Mr. Bergman continued, "As we begin 2019, we are most excited about the future of Henry Schein. We believe the long-term business opportunities remain attractive in the global markets for Dental and Medical offices as well as alternate sites of care. We offer the broadest range of solutions in the markets we serve, including medical and dental supply chain and specialty solutions, as well as dental technology through Henry Schein One. Looking ahead, we are confident that we are well-positioned to deliver continued revenue and profitability growth for Henry Schein\'s Dental and Medical businesses with long-term organic sales growth goals of one to two percentage points above underlying market growth rates, supplemented by strategic acquisitions."

Dental sales of $1.7 billion decreased 0.2%, consisting of 1.8% growth in local currencies and a 2.0% decline related to foreign currency exchange. In local currencies, internally generated sales increased 1.5% and acquisition growth was 0.3%. The 1.5% internal growth in local currencies included 0.6% growth in North America and 2.8% growth internationally.

"Fourth quarter dental consumables internal sales growth in North America of 2.5% in local currencies was impacted by a soft end market, most notably in November and December. We believe we continue to gain market share in the North America dental consumable merchandise market. Dental equipment sales declined by 3.5% in local currencies as we faced a tough prior-year comparison when adjusted internal growth in local currencies exceeded 19%," commented Mr. Bergman. "Internationally, internal sales growth in local currencies increased 3.4% for dental consumables and increased 1.3% for dental equipment."

GUIDANCE:

Henry Schein sees FY2019 EPS of $3.38-$3.46, versus the consensus of $3.75.

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