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Home Industry News Henry Schein reports record results for second quarter of 2017

Henry Schein reports record results for second quarter of 2017

18th August 2017

Henry Schein has announced its financial results for the second quarter of 2017, during which the firm delivered a record-breaking performance.

The company's net sales for the quarter ending on July 1st came to $3.1 billion (2.41 billion pounds), which represented a year-on-year increase of 6.5 percent. Dental sales made up $1.5 billion of this total, an 8.4 percent rise.

Henry Schein aims to continue this momentum in the coming months with a new North American distribution agreement with Dentsply Sirona, complementing its existing offerings from suppliers such as 3M, A-dec, Ivoclar Vivadent, Midmark and Planmeca.

Net sales for the first half of 2017 came to $6 billion, an increase of 7.1 percent compared with the first half of 2016, meaning the firm is on track to exceed its record $11.6 billion revenue total from last year.

Stanley Bergman, chairman of the board and chief executive officer of Henry Schein, said: "We delivered solid earnings per share growth as we continue to implement our strategy of growing the business organically and through acquisitions."

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