Operator confirms reopening day of leisure centre
The Sovereign Centre was managed by Eastbourne Borough Council but due to costs, the local authority closed some facilities in the leisure centre while it looked for a new operator.
The leisure centre is now under the management of Greenwich Leisure Limited (GLL) and says it aims to re-open the Fun Pool on 5 April and has plans for an Opening Weekend event before the Easter school holidays.
A spokesperson for GLL said: "Over the next three years we will invest a minimum of £1 million in collaboration with Eastbourne Borough Council."
The said: "The majority of this will be spent on maintaining and upgrading crucial plant and equipment and on structural issues.
"We'll also be restoring areas such as the gym and reception."
GLL will also host a number of community engagement sessions this month to discuss its plans for the Sovereign Centre.
It adds it will roll out several new offers including membership discounts for concession, junior and senior members, a 10% discount for Eastbourne residents on activity prices and financial and in-kind support to local athletes.
Follow BBC Sussex on Facebook, on X, and on Instagram. Send your story ideas to southeasttoday@bbc.co.uk or WhatsApp us on 08081 002250.
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Second-Quarter 2025 Conference Call Webcast The Company will hold a conference call to discuss second-quarter 2025 financial results today, beginning at 8:00 a.m. Eastern time. Individual investors are invited to listen to the conference call through Henry Schein's website by visiting In addition, a replay will be available beginning shortly after the call has ended for a period of one week. The Company will be posting slides that provide a summary of its second-quarter 2025 financial results on its website at About Henry Schein, Inc. Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 25,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our main distribution centers. A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 33 countries and territories. The Company's sales reached $12.7 billion in 2024, and have grown at a compound annual rate of approximately 11.2 percent since Henry Schein became a public company in 1995. For more information, visit Henry Schein at and @HenrySchein on X. Cautionary Note Regarding Forward-Looking Statements and Use of Non-GAAP Financial Information 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 include total sales growth, EPS and Adjusted EBITDA guidance and are generally identified by the use of such terms as 'may,' 'could,' 'expect,' 'intend,' 'believe,' 'plan,' 'estimate,' 'forecast,' 'project,' 'anticipate,' 'to be,' 'to make' or other comparable terms. A fuller discussion of our operations, financial condition and status of litigation matters, 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, including our Annual Report on Form 10-K, 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: our dependence on third parties for the manufacture and supply of our products and where we manufacture products, our dependence on third parties for raw materials or purchased components; risks relating to the achievement of our strategic growth objectives, including anticipated results of restructuring and value-optimization initiatives; risks related to the Strategic Partnership Agreement with KKR Hawaii Aggregator L.P. entered into in January 2025; transitions in senior company leadership; our ability to develop or acquire and maintain and protect new products (particularly technology and specialty products) and services and utilize new technologies that achieve market acceptance with acceptable margins; transitional challenges associated with acquisitions and joint ventures, including the failure to achieve anticipated synergies/benefits, as well as significant demands on our operations, information systems, legal, regulatory, compliance, financial and human resources functions in connection with acquisitions, dispositions and joint ventures; certain provisions in our governing documents that may discourage third-party acquisitions of us; adverse changes in supplier rebates or other purchasing incentives; risks related to the sale of corporate brand products; risks related to activist investors; security risks associated with our information systems and technology products and services, such as cyberattacks or other privacy or data security breaches (including the October 2023 incident); effects of a highly competitive (including, without limitation, competition from third-party online commerce sites) and consolidating market; political, economic, and regulatory influences on the health care industry; 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, and increases in fuel and energy costs; changes in laws and policies governing manufacturing, development and investment in territories and countries where we do business; general global and domestic macro-economic and political conditions, including inflation, deflation, recession, unemployment (and corresponding increase in under-insured populations), consumer confidence, sovereign debt levels, fluctuations in energy pricing and the value of the U.S. dollar as compared to foreign currencies and changes to other economic indicators; failure to comply with existing and future regulatory requirements, including relating to health care; risks associated with the EU Medical Device Regulation; failure to comply with laws and regulations relating to health care fraud or other laws and regulations; failure to comply with laws and regulations relating to the collection, storage and processing of sensitive personal information or standards in electronic health records or transmissions; changes in tax legislation, changes in tax rates and availability of certain tax deductions; risks related to product liability, intellectual property and other claims; risks associated with customs policies or legislative import restrictions; risks associated with disease outbreaks, epidemics, pandemics (such as the COVID-19 pandemic), or similar wide-spread public health concerns and other natural or man-made disasters; risks associated with our global operations; the threat or outbreak of war (including, without limitation, geopolitical wars), terrorism or public unrest (including, without limitation, the war in Ukraine, the Israel-Gaza war and other unrest and threats in the Middle East and the possibility of a wider European or global conflict); changes to laws and policies governing foreign trade, tariffs and sanctions or greater restrictions on imports and exports, including changes to international trade agreements and the current imposition of (and the potential for additional) tariffs by the U.S. on numerous countries and retaliatory tariffs; supply chain disruption; litigation risks; new or unanticipated litigation developments and the status of litigation matters; our dependence on our senior management, (including, without limitation, succession planning for our Chief Executive Officer), employee hiring and retention, increases in labor costs or health care costs, and our relationships with customers, suppliers and manufacturers; and disruptions in financial markets. 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 except as required by law. Included within the press release are non-GAAP financial measures that supplement the Company's Consolidated Statements of Income prepared under generally accepted accounting principles (GAAP). These non-GAAP financial measures adjust the Company's actual results prepared under GAAP to exclude certain items. In the schedule attached to the press release, the non-GAAP measures have been reconciled to and should be considered together with the Consolidated Statements of Income. Management believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance and allow for greater transparency with respect to key metrics used by management in operating our business. The impact of certain items that are excluded include integration and restructuring costs, and amortization of acquisition-related assets, because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate and occur on an unpredictable basis. These non-GAAP financial measures are presented solely for informational and comparative purposes and should not be regarded as a replacement for corresponding, similarly captioned, GAAP measures. 1 See Exhibit A for details of sales growth. Internal sales growth is calculated from total net sales using constant foreign currency exchange rates and excludes sales from acquisitions. 2 See Exhibit B for a reconciliation of GAAP net income and diluted EPS to non-GAAP net income and diluted EPS. 3 See Exhibit C for a reconciliation of GAAP net income to Adjusted EBITDA. 4 References to diluted EPS refer to diluted EPS attributable to Henry Schein, Inc. (TABLES TO FOLLOW) HENRY SCHEIN, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except share data) June 28, December 28, 2025 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 145 $ 122 Accounts receivable, net of allowance for credit losses of $86 and $78 1,645 1,482 Inventories, net 1,908 1,810 Prepaid expenses and other 545 569 Total current assets 4,243 3,983 Property and equipment, net 587 531 Operating lease right-of-use assets 300 293 Goodwill 4,085 3,887 Other intangibles, net 1,041 1,023 Investments and other 650 501 Total assets $ 10,906 $ 10,218 Current liabilities: Accounts payable $ 918 $ 962 Bank credit lines 901 650 Current maturities of long-term debt 27 56 Operating lease liabilities 81 75 Accrued expenses: Payroll and related 285 303 Taxes 170 139 Other 625 618 Total current liabilities 3,007 2,803 Long-term debt 2,090 1,830 Deferred income taxes 147 102 Operating lease liabilities 259 259 Other liabilities 504 387 Total liabilities 6,007 5,381 Redeemable noncontrolling interests 811 806 Commitments and contingencies Stockholders' equity: Preferred stock, $0.01 par value, 1,000,000 shares authorized, none outstanding - - Common stock, $0.01 par value, 480,000,000 shares authorized, 121,895,045 outstanding on June 28, 2025 and 124,155,884 outstanding on December 28, 2024 1 1 Additional paid-in capital 186 - Retained earnings 3,485 3,771 Accumulated other comprehensive loss (227) (379) Total Henry Schein, Inc. stockholders' equity 3,445 3,393 Noncontrolling interests 643 638 Total stockholders' equity 4,088 4,031 Total liabilities, redeemable noncontrolling interests and stockholders' equity $ 10,906 $ 10,218 Expand HENRY SCHEIN, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions)/(unaudited) Three Months Ended Six Months Ended June 28, June 29, June 28, June 29, 2025 2024 2025 2024 Cash flows from operating activities: Net income $ 94 $ 105 $ 207 $ 203 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 76 74 149 147 Impairment charge on intangible assets - - 1 - Non-cash restructuring charges 2 5 3 6 Stock-based compensation expense 11 12 16 20 Provision for losses on trade and other accounts receivable 3 2 5 7 Benefit from deferred income taxes - (21) (7) (19) Equity in earnings of affiliates (4) (6) (7) (9) Distributions from equity affiliates 6 7 8 9 Changes in unrecognized tax benefits (3) 1 (1) 3 Other (4) (3) (31) (9) Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (26) 80 (100) 270 Inventories (15) 33 (29) 107 Other current assets (38) 9 37 50 Accounts payable and accrued expenses 18 (2) (94) (292) Net cash provided by operating activities 120 296 157 493 Cash flows from investing activities: Purchases of property and equipment (32) (37) (63) (78) Payments related to equity investments and business acquisitions, net of cash acquired (50) (161) (101) (181) Proceeds from loan to affiliate 2 2 2 3 Capitalized software costs (14) (11) (26) (20) Other (4) (2) (9) (5) Net cash used in investing activities (98) (209) (197) (281) Cash flows from financing activities: Net change in bank credit lines 33 242 248 242 Proceeds from issuance of long-term debt 94 - 244 90 Principal payments for long-term debt (6) (117) (21) (177) Debt issuance costs (2) - (2) - Issuance of common stock 250 - 250 - Proceeds from issuance of stock upon exercise of stock options - 1 1 2 Payments for repurchases and retirement of common stock (286) (100) (447) (175) Payments for taxes related to shares withheld for employee taxes (2) (1) (14) (8) Distributions to noncontrolling shareholders (14) (22) (18) (28) Payments for contingent consideration (7) - (19) - Acquisitions of noncontrolling interests in subsidiaries (4) (117) (77) (211) Net cash provided by (used in) financing activities 56 (114) 145 (265) Effect of exchange rate changes on cash and cash equivalents (60) 6 (82) 20 Net change in cash and cash equivalents 18 (21) 23 (33) Cash and cash equivalents, beginning of period 127 159 122 171 Cash and cash equivalents, end of period $ 145 $ 138 $ 145 $ 138 Expand Exhibit A - Second Quarter Sales Henry Schein, Inc. 2025 Second Quarter Sales Summary (in millions) (unaudited) Q2 2025 over Q2 2024 Constant Currency Growth U.S. Distribution and Value-Added Services Merchandise $ 602 $ 609 -1.2% 0.0% -1.2% 0.0% -1.2% Equipment 219 230 -4.7% 0.0% -4.7% 0.0% -4.7% Value-Added Services 51 51 -2.0% 1.1% -0.9% 0.0% -0.9% Total Dental 872 890 -2.1% 0.0% -2.1% 0.0% -2.1% Medical 988 930 4.6% 1.7% 6.3% 0.0% 6.3% Total U.S. Distribution and Value-Added Services 1,860 1,820 1.3% 0.9% 2.2% 0.0% 2.2% International Distribution and Value-Added Services Merchandise 616 605 -0.4% 0.9% 0.5% 1.4% 1.9% Equipment 220 196 7.1% 2.0% 9.1% 3.0% 12.1% Value-Added Services 7 5 -1.0% 54.6% 53.6% -0.7% 52.9% Total Dental 843 806 1.5% 1.4% 2.9% 1.8% 4.7% Medical 28 28 -3.3% 0.0% -3.3% 2.0% -1.3% Total International Distribution and Value-Added Services 871 834 1.3% 1.4% 2.7% 1.8% 4.5% Global Distribution and Value-Added Services Global Merchandise 1,218 1,214 -0.8% 0.4% -0.4% 0.7% 0.3% Global Equipment 439 426 0.7% 0.9% 1.6% 1.4% 3.0% Global Value-Added Services 58 56 -1.9% 5.6% 3.7% -0.1% 3.6% Global Dental 1,715 1,696 -0.4% 0.7% 0.3% 0.8% 1.1% Global Medical 1,016 958 4.4% 1.6% 6.0% 0.1% 6.1% Total Global Distribution and Value-Added Services 2,731 2,654 1.3% 1.1% 2.4% 0.5% 2.9% Global Specialty Products 386 370 3.6% -0.3% 3.3% 0.9% 4.2% Global Technology 167 156 6.6% 0.0% 6.6% 0.8% 7.4% Eliminations (44) (44) n/a n/a n/a n/a n/a Note: Prior period amounts have been reclassified to conform to the current period presentation. Expand Exhibit A - Year-to-Date Sales Henry Schein, Inc. 2025 Second Quarter Year-to-Date Sales Summary (in millions) (unaudited) Q2 2025 Year-to-Date over Q2 2024 Year-to-Date U.S. Distribution and Value-Added Services Merchandise $ 1,193 $ 1,201 -0.7% 0.0% -0.7% 0.0% -0.7% Equipment 406 435 -6.7% 0.0% -6.7% 0.0% -6.7% Value-Added Services 96 103 -8.9% 1.6% -7.3% 0.0% -7.3% Total Dental 1,695 1,739 -2.7% 0.1% -2.6% 0.0% -2.6% Medical 2,018 1,928 3.2% 1.5% 4.7% 0.0% 4.7% Total U.S. Distribution and Value-Added Services 3,713 3,667 0.4% 0.8% 1.2% 0.0% 1.2% International Distribution and Value-Added Services Merchandise 1,210 1,223 -0.1% 0.9% 0.8% -1.8% -1.0% Equipment 417 393 5.0% 1.7% 6.7% -0.6% 6.1% Value-Added Services 14 9 0.1% 61.7% 61.8% -6.2% 55.6% Total Dental 1,641 1,625 1.1% 1.5% 2.6% -1.6% 1.0% Medical 53 55 -3.7% 0.0% -3.7% -0.8% -4.5% Total International Distribution and Value-Added Services 1,694 1,680 1.0% 1.4% 2.4% -1.6% 0.8% Global Distribution and Value-Added Services Global Merchandise 2,403 2,424 -0.4% 0.4% 0.0% -0.9% -0.9% Global Equipment 823 828 -1.2% 0.9% -0.3% -0.3% -0.6% Global Value-Added Services 110 112 -8.2% 6.4% -1.8% -0.5% -2.3% Global Dental 3,336 3,364 -0.8% 0.7% -0.1% -0.8% -0.9% Global Medical 2,071 1,983 3.1% 1.4% 4.5% -0.1% 4.4% Total Global Distribution and Value-Added Services 5,407 5,347 0.6% 1.0% 1.6% -0.5% 1.1% Global Specialty Products 753 730 2.0% 1.8% 3.8% -0.7% 3.1% Global Technology 329 313 5.0% 0.0% 5.0% 0.1% 5.1% Eliminations (81) (82) n/a n/a n/a n/a n/a Total Global $ 6,408 $ 6,308 1.1% 1.0% 2.1% -0.5% 1.6% Note: Prior period amounts have been reclassified to conform to the current period presentation. Expand Exhibit B Henry Schein, Inc. 2025 Second Quarter and Year-to-Date to non-GAAP net income and diluted EPS attributable to Henry Schein, Inc. (in millions, except per share data) (unaudited) % % 2025 2024 Growth 2025 2024 Growth Net income attributable to Henry Schein, Inc. $ 86 $ 104 (16.8) % $ 196 $ 197 (0.4) % Diluted EPS attributable to Henry Schein, Inc. $ 0.70 $ 0.80 (12.5) % $ 1.58 $ 1.52 3.9 % Non-GAAP Adjustments, net of tax and attribution to noncontrolling interests Restructuring costs (1) $ 16 $ 11 $ 33 $ 18 Acquisition intangible amortization (2) 27 28 54 56 Cyber incident-insurance proceeds, net of third-party advisory expenses (3) - (6) (15) (2) Change in contingent consideration (4) - 17 (2) 28 Costs associated with shareholder advisory matters and select value creation consulting costs (5) 5 - 11 - Litigation settlements (6) 1 4 1 4 Non-GAAP adjustments to net income $ 49 $ 54 $ 82 $ 104 Non-GAAP adjustments to diluted EPS 0.40 0.43 0.67 0.81 Non-GAAP net income attributable to Henry Schein, Inc. $ 135 $ 158 (15.0) % $ 278 $ 301 (7.7) % Non-GAAP diluted EPS attributable to Henry Schein, Inc. $ 1.10 $ 1.23 (10.6) % $ 2.25 $ 2.33 (3.4) % Management believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance and allow for greater transparency with respect to key metrics used by management in operating our business. These non-GAAP financial measures are presented solely for informational and comparative purposes and should not be regarded as a replacement for corresponding, similarly captioned, GAAP measures. Net income growth rates are based on actual values and may not recalculate due to rounding. Amounts may not sum due to rounding. Expand (3) Represents cyber insurance proceeds, net of one time professional and other fees related to remediation of our Q4 2023 cyber incident. During Q1 2025, we received insurance proceeds of $20 million ($15 million, net of taxes) under this policy representing the remaining insurance recovery of losses related to the cyber incident. During Q2 2024, we received insurance proceeds of $10 million ($8 million, net of taxes) representing a partial insurance recovery of losses related to the cyber incident. One time professional and other fees were $3 million ($2 million, net of taxes) and $8 million ($6 million, net of taxes), for Q2 2024 and YTD 2024, respectively. (4) Represents a change in the fair value of contingent consideration of $2 million ($2 million, net of taxes) recorded during YTD 2025 related to our acquisitions and $23 million ($17 million, net of taxes) and $38 million ($28 million, net of taxes) recorded during Q2 2024 and YTD 2024, respectively, related to a 2023 acquisition. (5) Represents costs associated with shareholder advisory matters and select value creation consulting costs of $6 million ($5 million, net of taxes) and $14 million ($11 million, net of taxes) recorded during Q2 2025 and YTD 2025, respectively. (6) Represents Q2 2025 and YTD 2025 settlement amounts for litigation at one of our businesses. Represents Q2 2024 and YTD 2024 settlement amounts for litigation related to the October 2023 cyber incident and settlement of certain opioid related lawsuits. Expand Exhibit C Henry Schein, Inc. 2025 Second Quarter and Year-to-Date (in millions) (unaudited) Second Quarter Year-to-Date 2025 2024 2025 2024 Net income attributable to Henry Schein, Inc. (GAAP) $ 86 $ 104 $ 196 197 Income attributable to noncontrolling interests 8 1 11 6 Net income (GAAP) 94 105 207 203 Definitional adjustments: Interest income (9) (6) (15) (11) Interest expense 38 32 73 62 Income taxes 31 33 66 65 Depreciation and amortization 76 74 149 147 Non-GAAP adjustments: Restructuring costs 23 15 48 25 Cyber incident-insurance proceeds, net of third-party advisory expenses - (7) (20) (2) Impairment of intangible assets - - 1 - Change in contingent consideration - 23 (2) 38 Costs associated with shareholder advisory matters and select value creation consulting costs 6 - 14 - Litigation settlements 1 5 1 5 Other adjustments: Equity in earnings of affiliates, net of tax (4) (6) (7) (9) Adjusted EBITDA (non-GAAP) $ 256 $ 268 $ 515 $ 523 Adjusted EBITDA is a non-GAAP measure that we calculate in the manner reflected on Exhibit C. We define Adjusted EBITDA as net income, excluding (i) net income attributable to noncontrolling interests, (ii) interest income and expense, (iii) income taxes, (iv) depreciation and amortization, (v) restructuring costs, (vi) cyber incident-insurance proceeds, net of third-party advisory expenses, (vii) impairment of intangible assets, (viii) change in contingent consideration, (ix) costs associated with shareholder advisory matters and select value creation consulting costs, (x) litigation settlements and (xi) equity in earnings of affiliates, net of tax. Amounts may not sum due to rounding. Expand
