Henry Schein reports record-breaking results for Q3 2014

Henry Schein has announced its financial results for the third quarter of 2014, a period marked by double-digit growth and a record-breaking performance.

The company's net sales for the period came to $2.6 billion (1.65 billion pounds), representing a year-on-year increase of 11.7 percent. It  gained market share across all four of its business groups, with sales improving both in the US and internationally.

Thanks to its record performance during the third quarter, the firm has raised the low end of its 2014 financial guidance, while issuing a diluted earnings per share forecast for 2015 that represents growth of between ten and 12 percent.

Recent business highlights include entries into the Japanese, Brazilian and South African dental markets, new strategic relationships with Abaxis and Heska in the animal health sector, and strategic acquisitions to bolster its technology and value-added services business.

Stanley Bergman, chairman of the board and chief executive officer of Henry Schein, said: "Growth in net sales was the highest we have reported in more than three years while internal sales growth in local currencies was at a seven-year high."

The firm also announced the official opening of a state-of-the-art new UK headquarters on Bailey Drive in Gillingham last month.