Our guest on Episode 5 was Stan Bergman, the Chairman and CEO of Henry Schein (Ticker: HSIC), a Fortune 500, $10.8 billion market cap company. Henry Schein is a global distributor of medical and dental supplies and equipment. Stan has been CEO since 1989 and actually took the company public in 1995 for a split-adjusted price of $6. From a revenue base of around $1 billion in 1995, the company has grown to over $12 billion today and the stock price has appreciated to over $75. And, these numbers don’t even include the animal health business that was spun off in 2018. That company, Covetrus (Ticker: CVET), currently has a $2.75 billion market cap on its own. Given Stan’s long track record of success, I was looking forward to talking to Stan about:
- The importance of dental health as a component of overall health;
- The company’s long-term track record of compounding earnings per share;
- Why the medical division has seen such rapid growth;
- The company’s international growth strategy and associated opportunities; and
- Henry Schein’s unique culture
*As a quick disclosure, Cove Street owns Henry Schein shares.
Please enjoy the show at the following sites:
YouTube: https://youtu.be/uAxqNySPVHg
Apple: https://podcasts.apple.com/us/podcast/building-the-largest-dental-supplier-in-the-world/id1579124518?i=1000546861591
Podbean: https://compounders.podbean.com/e/building-the-largest-dental-supplier-in-the-world-with-stan-bergman-chairman-and-ceo-of-henry-schein-nasdaq-hsic/
Spotify: https://open.spotify.com/episode/6TeGzeYmMxJ3aKlwUSm0Q9
As always, if you have any comments, feedback, or guest recommendations, please contact us at podcast@covestreetcapital.com. You can also follow the podcast on Twitter @ https://twitter.com/CompoundersPod.
If you missed our last Compounders episode with Bruce Young, CEO of Concrete Pumping Holdings, you can view it here.
Compounders is sponsored by Tegus. With Tegus, you can learn everything you’d want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 25,000 calls on former Compounders guests such as Viasat, Element Solutions, Avid Technology—or almost any company of interest. All you have to do is log in. If you’re ready to go deeper on any company and you appreciate the value of primary research, head to tegus.co/compounders for a free trial.
