Record first quarter results reported by Henry Schein

  • 2014-05-18
Henry Schein, Inc. headquartered in Melville, announced last week its financial results for the first quarter, which were strong.

The company, which provides healthcare products and services to medical, animal health, and office-based dental services, is most likely turning to printing companies to help make its fiscal success public.

According to a company press release, net sales increased by 6% as compared to the first quarter of 2013, reaching $2.4bn. This resulted in a net income of $102.1m which was an increase of 8.4% over the same time last year. The earnings per share were up 11.3% to $1.18.

According to the Chairman of the Board and Chief Executive Officer of Henry Schein, Stanley M. Bergman, the company is particularly pleased with this strong showing in the quarter because of the severe weather in many parts of the United States. Although he says this adversely affected each of the business groups, the earnings per share increased, thus assuring the financial future of the company.

Bergman went on to explain the growth in each of the divisions. Dental sales were the big achiever; they were $1.3bn and increased by 8.9%. Sales in animal health were $654.5m and increased by 2.4%. Medical sales were $397.4m and increased by 2.2% while technology and value-added services sales of $81.3m increased by 8.9%.