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Home Industry News Henry Schein reports financial results for third quarter

Henry Schein reports financial results for third quarter

10th November 2008

Henry Schein has revealed its net sales for the third quarter of 2008 have increased 9.6 per cent.

Compared with the third quarter of 2007, the increase to $1.7 billion (1.09 billion pounds) includes eight per cent local currency growth.

The company also reported income from continuing operations reaching $68.4 million, working out as $0.75 per diluted share.

Stanley Bergman, chairman and chief executive officer of Henry Schein, said: “Our worldwide sales growth of almost ten per cent reflects the benefit of our diversified operations.”

“Earnings growth this quarter was highlighted by operating margin expansion in line with our long-term financial objectives,” he continued.

Mr Bergman added that the company remains confident in its ability to achieve financial goals, with sales growth in 2009 expected to moderate somewhat from previous years.

Of the 4.4 per cent internal growth in local currencies, dental consumable merchandise sales increased 4.8 per cent, with dental equipment sales and service revenues up 3.4 per cent.

Henry Schein also reported that its dental group sales recorded $645 million.

The company employs 12,000 people and has operations or affiliates in 20 countries.

It has over 190,000 products with approximately 550,000 customers.

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