MELVILLE, N.Y., Aug. 16, 2017 /PRNewswire/ -- Henry Schein,
Inc. (Nasdaq: HSIC), the world's largest provider of health care
products and services to office-based dental, animal health, and
medical practitioners, announced today that its Board of Directors
has approved a 2-for-1 split of the company's common stock. Each
Henry Schein stockholder of record
at the close of business on September 1,
2017, will receive a dividend of one additional share for
every share held, and trading will begin on a split-adjusted basis
on September 15, 2017.
This is Henry Schein's second
stock split since its initial public offering in November 1995, with the first split, also
2-for-1, completed in February 2005.
Following this second stock split, Henry
Schein will have approximately 158 million shares
outstanding.
"Our market capitalization and share price have increased
considerably over the past dozen years as we have expanded and
diversified our business in the U.S. and in certain international
markets. We believe this stock split is a testament to our success,
and will increase liquidity and make equity ownership in
Henry Schein more accessible," said
Steven Paladino, Executive Vice
President and Chief Financial Officer of Henry Schein.
About Henry Schein,
Inc.
Henry Schein, Inc. (Nasdaq: HSIC)
is the world's largest provider of health care products and
services to office-based dental, animal health, and medical
practitioners. The company also serves dental laboratories,
government and institutional health care clinics, and other
alternate care sites. A Fortune 500® Company and a member of
the S&P 500® and the Nasdaq 100® indexes, Henry Schein employs more than 21,000 Team
Schein Members and serves more than 1 million customers.
The company offers a comprehensive selection of products and
services, including value-added solutions for operating efficient
practices and delivering high-quality care. Henry Schein operates through a centralized and
automated distribution network, with a selection of more than
120,000 branded products and Henry
Schein private-brand products in stock, as well as more than
180,000 additional products available as special-order items. The
company also offers its customers exclusive, innovative technology
solutions, including practice management software and e-commerce
solutions, as well as a broad range of financial services.
Headquartered in Melville,
N.Y., Henry Schein has
operations or affiliates in 32 countries. The company's sales
reached a record $11.6 billion in
2016, and have grown at a compound annual rate of approximately 15%
since Henry Schein became a public
company in 1995. For more information, visit Henry Schein at www.henryschein.com,
Facebook.com/HenrySchein and @HenrySchein on Twitter.
Cautionary Note Regarding Forward-Looking Statements
In accordance with the "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995, we provide the following
cautionary remarks regarding important factors that, among others,
could cause future results to differ materially from the
forward-looking statements, expectations and assumptions expressed
or implied herein. All forward-looking statements made by us
are subject to risks and uncertainties and are not guarantees of
future performance. These forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, performance and achievements or industry
results to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. These statements are identified
by the use of such terms as "may," "could," "expect," "intend,"
"believe," "plan," "estimate," "forecast," "project," "anticipate"
or other comparable terms. A full discussion of our
operations and financial condition, including factors that may
affect our business and future prospects, is contained in documents
we have filed with the United States Securities and Exchange
Commission, or SEC, and will be contained in all subsequent
periodic filings we make with the SEC. These documents identify in
detail important risk factors that could cause our actual
performance to differ materially from current expectations.
Risk factors and uncertainties that could cause actual results
to differ materially from current and historical results include,
but are not limited to: effects of a highly competitive and
consolidating market; our dependence on third parties for the
manufacture and supply of our products; our dependence upon sales
personnel, customers, suppliers and manufacturers; our dependence
on our senior management; fluctuations in quarterly earnings; risks
from expansion of customer purchasing power and multi-tiered
costing structures; increases in shipping costs for our products or
other service issues with our third-party shippers; general global
macro-economic conditions; risks associated with currency
fluctuations; risks associated with political and economic
uncertainty; disruptions in financial markets; volatility of the
market price of our common stock; changes in the health care
industry; implementation of health care laws; failure to comply
with regulatory requirements and data privacy laws; risks
associated with our global operations; transitional challenges
associated with acquisitions and joint ventures, including the
failure to achieve anticipated synergies; financial risks
associated with acquisitions and joint ventures; litigation risks;
the dependence on our continued product development, technical
support and successful marketing in the technology segment;
increased competition by third party online commerce sites; risks
from disruption to our information systems; cyberattacks or other
privacy or data security breaches; certain provisions in our
governing documents that may discourage third-party acquisitions of
us; and changes in tax legislation. The order in which these
factors appear should not be construed to indicate their relative
importance or priority.
We caution that these factors may not be exhaustive and that
many of these factors are beyond our ability to control or
predict. Accordingly, any forward-looking statements
contained herein should not be relied upon as a prediction of
actual results. We undertake no duty and have no obligation
to update forward-looking statements.
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SOURCE Henry Schein, Inc.