Henry Schein, Inc.

members who have undertaken this incredible journey to make an impact on the profession and the communities we serve around the world. We have become a leader and a model with our work to create and strengthen public-private partnerships, whether it's in the profession or in the local markets that we serve or even on a global basis, that have expanded access to care around the world. We have made a difference in enhancing global health preparedness and and reinforce the vital link between oral and overall health, including, as I've said, access to care. This has been a big goal of ours and has driven our brand and driven our sales and related profits. In closing, I have huge confidence in the management team who are talented, motivated, working diligently to execute our strategies, including our value creation programs, which We provided further clarity today and I'm quite very optimistic about where this will go and how this will drive up operating income and therefore shareholder value. So before we take questions, let me thank all 25,000 Team Shine members around the world, our incredible board, our suppliers, those investors that have confidence in us, I believe you will be well rewarded in the years to come. Thank you for supporting us for the past 30 years. I personally wish to thank those on this call that I've known for so many years, many analysts for decades, many investors since the beginning. It's been a true wonderful journey. It's been wonderful getting to know all those constituents that are active in supporting the office-based dental and medical practitioners. So with that in mind, Let me turn over the call now to the operator to answer some questions. Thank you very much. And sorry for the words here, but just 120 calls later, I think I should be able to make a couple of extra words. Thank you.

Thank you. We'll now be conducting a question and answer session. To allow as many as possible to ask questions, we ask you to please center yourself to one question. If you'd like to ask a question, please press star 1 from your telephone keypad A confirmation tone will indicate that your line is in the question queue. You may press star 2 if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, before we poll for questions. Our first question is from the line of Jason Bednart with Piper Sandler. Please receive your questions.

Hey, morning everyone. Nice quarter and Stan, it's been a pleasure working with you. Congrats on everything. I'll try to stick with the single question request, but I may bend the rule here with a multi-part question. I wanted to focus on the comments you're making about future earnings growth. The third quarter performance might suggest you're back to posting better top line growth. It also seems like you're picking up some benefit from the restructuring program that's been ongoing and then You have the first phase of the value creation targeting $200 million in EBIT benefit. When you say that you're returning to your long-term goal of high single to low double-digit EPS growth, I guess my question is whether that's a comment that's applicable to 2026. And that $200 million benefit is pretty large. I think it's larger than a lot of us were expecting today. Shouldn't that program alone get you in that EPS CAGR range before we even think about core revenue growth and capital allocation opportunities?