Henry Schein reports record financial results

Henry Schein has reported record financial results for the three months to June 25th 2011.

The healthcare products and services company generated net sales of $2.1 billion (1.3 billion pounds) during the second quarter, up 15.2 percent on the corresponding period of 2010.

Net income rose 12.5 percent year on year to $94.5 million, while earnings per diluted share stood at $1.01, representing an increase of 12.2 percent.

Dental sales within the North American market reached $709.3 million – up 4.7 percent – with revenues from dental consumable merchandise and equipment & services climbing by 4.8 percent and 1.3 percent respectively.

Stanley Bergman, chairman and chief executive officer of Henry Schein, said: "Sales of dental consumable merchandise have increased for eight consecutive quarters and dental equipment sales and service revenues have increased for six consecutive quarters."

Last month, the company announced it donated more than $375,000 to disaster relief efforts in Japan, Australia, New Zealand and the US.