Henry Schein reports record first-quarter results for 2017

Henry Schein has announced its financial results for the first quarter of 2017, during which it achieved a record-breaking performance.

The company's net sales for the quarter came to $2.9 billion (2.24 billion pounds), representing a year-on-year increase of 7.7 percent, while net income jumped by 23.7 percent to $140.7 million.

Its dental division was its most lucrative unit, with sales up by 7.9 percent to $1.4 billion thanks to strong demand for dental consumable merchandise, while a new distribution deal with Dentsply Sirona was agreed.

Meanwhile, its animal health sales rose by 5.4 percent to $812.9 million, with medical sales up 11.3 percent to $598.9 million and technology and value-added service revenues up 4.2 percent to $106 million.

Stanley Bergman, chairman of the board and chief executive officer of Henry Schein, said: "We believe that the markets we serve are generally healthy and are growing, and that our global dental, animal health and medical groups all continued to gain market share during the quarter."

The company achieved a record $11.6 billion sales total in 2016, having grown at a compound annual rate of approximately 15 percent since becoming a public company in 1995.

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