Henry Schein reported second-quarter sales of $3.5 billion, up 6.7% year-over-year, driven by 4.6% internal local-currency growth and foreign exchange benefits. The healthcare distributor raised its full-year guidance following stronger-than-expected performance. GAAP net income rose to $94 million, or $0.82 per diluted share, from $86 million a year earlier. Non-GAAP earnings reached $1.27 per share, up 15.5% from $1.10 in the prior-year period. Operating margins expanded across all segments. GAAP operating margin increased 27 basis points to 4.94%, whilst non-GAAP operating margin grew 25 basis points to 7.21%. US dental merchandise sales climbed 8.3%, including 6.5% internal growth, with the company reporting market-share gains. Chief Executive Officer Fred Lowery attributed results to operational execution and early benefits from its value-creation programme.

Henry Schein (HSIC), a $9 billion healthcare distribution company, has underperformed the Nasdaq Composite despite recent gains. The stock is up 5.7% over three months, trailing the Nasdaq's 19.2% rise during the same period. Year-to-date, HSIC has gained 4.1% compared to the Nasdaq's 12.6% advance. The Melville, New York-based company, which supplies dental, medical and laboratory products to over one million customers, reported stronger-than-expected first-quarter results on 5 May. Adjusted earnings per share of $1.32 beat analyst estimates of $1.20, whilst revenue of $3.4 billion exceeded forecasts of $3.3 billion. Despite softer medical segment demand from a milder flu season, strength in Home Solutions and technology offerings offset the impact. The company expects full-year adjusted EPS between $5.23 and $5.37.

Eleven Black CEOs currently lead Fortune 500 companies, representing just 2% of America's largest corporations but marking a record high that has doubled since 2021. These companies collectively generated $432 billion in revenue and hold a combined market value of $405 billion. The roster includes Marvin Ellison of Lowe's, the first Black CEO to lead two different Fortune 500 companies, and Thasunda Brown Duckett of TIAA, one of only two Black women currently serving as Fortune 500 chief executives. Other leaders include Peter Akwaboah (Fannie Mae), Christopher Womack (Southern Company), and Calvin Butler (Exelon). Despite comprising 14% of the overall US workforce, Black employees represent only 7% of managers and 4-5% at senior levels, according to McKinsey research. Throughout Fortune 500 history, only 28 Black CEOs have led these companies.