you good Stanley to morning and Thank all. Okay.
begin, also a point like on continuing that to a would operations basis our discussing basis. As from as we non-GAAP I and on GAAP be reported results out I will
TSAs results Our in of and non-GAAP that Please section release of are QX detailed press that with costs XXXX XXXX our again first half represents B the the There and that website. transition are through information to certain note scheduled we QX Relations Covetrus for today's sales Investor the August of Exhibit sales supplemental as exclude the QX category a related in services agreement. year, have included currently XXXX. corporate run under product to
minority and It sold This Hu-Friedy, October prevention XXXX, equity infection should our that in a solutions. in XXXX. in minority sale fourth investment manufacturer gain a be result also of interest in quarter we will noted significant dental instruments
gain this in still note and contingent we investment was are I transaction. that amount at certain not included the However, investment exact this running the to non-controlling a the consideration the business. we due quantifying in were also will time, of involved
the company's financial also was Directors. had of investment. a on Board This representation no We
international years in We of many markets. have build with relationship particular distribution one over key had Hu-Friedy as their distribute an share in partners, them excellent the helping
that under The issued our So $X.X QX with compared contained local quarter XXXX, were When release in sales a reflecting now X.X%. of press was of TSA, X.X%. with the third this the was to A sales our the earnings XXXX, of morning. in the generated our sales growth currencies internal in to excluding of Covetrus billion, currencies sales XX, details earlier for growth growth are Exhibit September X.X% results. quarter operations ended increase continuing internally local from Net sales turning
On quarter a expense third basis the excludes a increased of litigation year-over-year of compared increased points. of that Of prior basis basis increase both basis XXXX points basis, on in operating year, the margin On margin, which the for point to and XXX and operating third in and settlement excludes sales. percentage X.X% GAAP with mainly restructuring XX expenses periods was also XXXX. a was basis, a our contributed the due basis, operating acquisitions quarter points costs X.X% margin XX lower as XX in non-GAAP
of Investor operating margin You can reconciliation website. non-GAAP to margin page Relations supplemental the our find page of operating info GAAP in on a the
Turning taxes. to
tax of quarter GAAP XX.X%. quarter was compares GAAP effective rate for for XXXX. Our effective This rate third the third of reported tax the XXXX XX.X% with
on effective page for the on We rate our same range, year. rate the with look the and taxes. a was tax full basis, will non-GAAP a estimate to in our period page the However, Again, website be non-GAAP Investor of effective Relations in year XX.X% tax XX% X.X% GAAP non-GAAP at supplemental year and our on this last of and that prior reconciliation the tax effective of compares basis. info rate non-GAAP XX% GAAP both
or Schein, $X.XX Inc. per Moving from And million compares share. attributable to operations continuing the million or of this $X.XX prior-year income GAAP from QX $XX.X for per was income $XXX.X share. on, with net operations diluted Henry net XXXX of continuing
pretax Again, change restructuring earlier the reduction small that results accrued $X.XX quarter share. originally this per include in Third XXXX those about a estimated in of we in cost and restructuring have was $XXX,XXX period a were cost or previously diluted those for costs. estimate accrued
XX% net operations continuing diluted Excluding from of million operations quarter in represents income of non-GAAP XXXX per $X.XX the and XX.X%, reduction and respectively. growth for the restructuring compares non-GAAP continuing $XXX from this or $XXX.X or for diluted with million This XXXX. net quarter was the of cost, share third per share $X.XX income third of
looking additional XXXX or from compares $X.XX at on detail share. operations, period $XX.X for pretax from some last million with was QX diluted If per amortization $XX $X.XX that we for are intangible to share our This it's same provide pretax per million important assets note diluted acquired or year. the results continuing
the I compares For that $XX.X the million share months $XX.X of year, diluted impacted our or of per the negatively share diluted period $X.XX note, $X.XX nine also for months the approximately amortization diluted year, currency in same year. the in the last and will first or was pretax EPS to pretax nine X% QX per million exchange by of foreign this quarter.
quarter. the Let some detail sales on for the now me results provide
of products X.X%. specialty sales was of primarily sales sales Our currencies was local dental an dental year strong with local included against currencies billion, the in growth the year sales in by American of and prior were difficult X.X%. increase down also internal X.X% X.X% compared sales North dental and growth internal in internal comparison a dental X.X% This in prior growth last consumables $X.X growth driven is consumable year was as for of merchandise. with
dental and Sirona event service Dentsply in Our this was was partially of World sales decreased which that anticipation currencies. to deferral internal orders sales. to and October of included that sales This equipment solid. contributed selling is by revenues event. very held related local high-tech of our sales equipment mostly X.X% That's the because equipment year will in in dental also in lower decline CAD/CAM That current sales year. note a decline last QX I was in held that backlog driven sales
in growth X.X%. local sales This growth of merchandise. included sales currencies in dental was International dental internal X.X% consumable
international sales sales international Europe X.X%, sales in dental on very that in internal sales. Our sales strong our the service in our by model equipment broad-based Brazil was across was equipment in the including growth and markets. consumable current international our CAD/CAM in revenue and in impact change growth growth international international dental little local The dental had currencies specialty driven strong very sales Note quarter. markets, merchandise including other business
growth America both quarter, million of the third generated $XXX were sales local of in in the and in currencies XX.X% The internationally. X.X%. sales internal in internally currencies was Medical with same growth increase North X.X% number local an
once We sales customer of physician in strong growth both our care category sites group believe and organic group driven growth. well-positioned medical Rescue a with Our again practices, from contributing relationships results alternate with by are of each along is large our solid offices medical with acquisition. sales to American independent contribution North growth acquisitions
third on the sales internal currencies local with growth reported of in was internally $XXX X.X% In quarter, services local continuing generated were growth America, an basis. sales value-added currencies and technology million in North as sales XX.X% Our X.X%. in an of increase operations technology from
quarter. Department Our the technology $X period to contract the bolstered to a U.S. sales same in $X.X QX that Defense of and which in by XXXX billing the was in compares quarter current million were approximately related third million was services dental the lower increased services lower offset This growth Internationally, year. equipment in and the partially value-added by technology sales sales X.XX% to financial by last local experienced we internal currencies. related revenue in
on immaterial. the the quarter $XX Directors have we $XX.XX continued stock an impact October the that at shares repurchase million million diluted announced of shares price we our of was at million our to $XXX a million. of total in common open on on EPS to of of Also quarter for the note, XX, repurchase end during approximately of The repurchase quarter. shares available of that and buying of authorized We X.X the $XX the average third that's third up of the Board XXXX, market top
So million available for future stock repurchases. have in we $XXX total,
from had strong compared year. of million third quarter We brief highlights It cash to operations operating the at for million $XXX.X continuing Let's the the and $XXX.X some look that a of take flow quarter. in last flow. cash was of our
cash We operating strong we have for to believe flow year. continue the will
earnings implementing mitigate Health to of Animal new on to for since we to initiative this in opportunities The will continue expiring and on but transitional XXXX. At initiative in initiative to calls. operating they Spin-off as well save to We also drive plan stranded agreements process two-fold. provide cost some note a developed goal being of related additional do is that future details look as services time, on are this help more details we from we restructuring is of that the not efficiencies. costs One specific the have
to previously XXXX the conclude an are issued. gain non-GAAP will for remarks on we are makes our At we range supersedes unable noting fourth EPS. that the That just gain estimate talked guidance This we my by we minority both guidance the non-GAAP that. in this equity time, as consideration investment about certain tightening is to recorded guidance of I this contingent be are little GAAP providing and tat will diluted related calculating the GAAP not a bit to Again, transaction, quarter. provide accurate it our difficult. more subject which guidance
from the on for guidance you sales releases excludes to Spin-off. Our exclude non-GAAP our expected which share $X.XX could operations recorded Non-GAAP QX of reflecting gain to reflected to is Animal X% operations Health range previous $X.XX. related equity income XXXX. was growth that Henry diluted continuing certain the be see of attributable XXXX XXXX expenses X% to $X.XX Inc. $X.XX from earnings for will continuing benefits, for excludes of and diluted estimated and charge EPS continuing non-GAAP expense expenses to of EPS netting Schein, The our XXXX operations also $X.XX, with in compared $X.XX a minority tax continuing non-GAAP and XXXX to be the the as diluted EPS from and operations on of diluted investment in now also credit EPS non-GAAP which diluted outlook from per to restructuring
XXXX. to Turning
$X.XX Schein EPS XXXX. accurate that from EPS was be I expected to GAAP of We are to in compared continuing will At of diluted the earlier. from costs is XXXX growth attributable provide this providing diluted to and to range which estimate X% our again, to of continuing introducing midpoint EPS operations, non-GAAP related mentioned the non-GAAP are X% diluted be the with for Henry unable an that we of XXXX operations diluted as non-GAAP time, restructuring we to reflects $X.XX. $X.XX not EPS
and and GAAP exchange restructuring generally expenses. potential guidance announced but the consistent future stable guidance consistent current market for assumes rates not is XXXX Henry Guidance also are markets as include acquisitions impact acquisitions, completed foreign for and remain of any end EPS as diluted to attributable well XXXX if Inc. non-GAAP Schein, or current that with current both any, assumes with or the levels. Our are And the conditions. operations previously does
our that I continued is will three also in IT One areas. note guidance certain investment CRM. assumes
The the development. is third second is ERP. European interface And web our
investments three make to areas continue will in XXXX. We those in
With like now back that I Stanley. turn over would the said, to to call
