Henry Schein continues financial recovery after cyberattack: 5 notes

Dental and medical supply company Henry Schein continues to recover from the impact of a cyberattack that took place last fall.

Five notes:

1. Henry Schein determined in October that part of its manufacturing and distribution businesses suffered a cybersecurity incident, which led the company to take some systems offline.

2. The supplier reported a 10.5% decline in worldwide sales growth during the fourth quarter of last year as a result of the cybersecurity incident.

3. Worldwide sales growth increased by 3.7% during the first quarter of 2024, but the company still reported reduced sales growth due to the cyber incident.

4. The company also saw a 10.2% decline in its global dental sales growth after the cyberattack, but this section increased by 0.8% during the first quarter.

5. Henry Schein said in its first quarter earnings report, released May 7, that it is enthusiastic about its position in the industry as well as its opportunities for growth and enhanced profitability.

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