Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News Henry Schein expands stock repurchase scheme

Henry Schein expands stock repurchase scheme

19th November 2010

Henry Schein has announced plans to add an extra $100 million (62.7 million pounds) to its previously-announced stock repurchase programme.

The dental supplies manufacturer's board of directors has approved the decision after it recently confirmed that it was able to generate $177 million in operating cash flow during the first nine months of 2010.

Currently, Henry Schein has 92 million outstanding shares, with the latest authorisation representing around two percent of this total at the current price.

Stanley Bergman, chairman and chief executive officer of Henry Schein, said: "Our board has determined that buying back shares serves as an appropriate means to continue building shareholder value and represents an attractive investment that will increase earnings per share."

According to the company's most recent financial report, Henry Schein saw a 14.1 percent increase in new sales during the third quarter of the current fiscal year.

This was attributed in part to the strength of its international dental business, with the UK ranking as one of its best-performing territories.ADNFCR-8000103-ID-800246531-ADNFCR

We currently have 6 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.