Henry Schein sees record performance in Q3 2013

Henry Schein has announced its financial results for the third quarter of 2013, during which it generated a record net sales total of $2.3 billion (1.43 billion pounds).

This represented a year-on-year increase of 5.3 percent, with its dental, animal health, medical and technology and value-added service divisions all seeing incremental growth during the quarter.

For the first nine months of 2013, the company's net sales total now comes to $7 billion, up by 7.7 percent compared with the first three quarters of 2012. This positive momentum is expected to continue for the rest of the year and into 2014.

Stanley Bergman, chairman of the board and chief executive officer of Henry Schein, said: "Solid growth in sales and earnings during the quarter reflects our strategy of organic growth complemented by strategic acquisitions and our ongoing commitment to controlling expenses."

This comes after the company announced the appointment of Steve Klis in the new role of president of global practice solutions last month.