Henry Schein reports record Q3 2019 financial results with $2.5B in sales

Dentists

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Mellville, N.Y.-based Henry Schein announced Nov. 5 that it had record third quarter financial results, with net sales at $2.5 billion, reflecting a 6.5 percent year-over-year increase. 
The sales uptick included 7.6 percent growth in local currencies and a 1.1 percent decline in foreign currency exchange.

Of the $2.5 billion in sales, $1.5 billion came from the company’s dental segment, This represents a 2.1 percent increase year over year.

Net income attributable to Henry Schein for the 2019 third quarter was $134.9 million, or $0.91 per diluted share, compared to net income of $90.8 million, or $0.59 per diluted share, during the same period in 2018.

"Our third quarter financial results are solid…We continue to make progress in growing organically with a focus on sales of higher-margin products while making strategic investments to supplement growth in the years ahead," Stanley M. Bergman, chairman of the board and CEO of Henry Schein, said in the news release.

"North America dental consumable merchandise internal sales in local currencies grew 1.2 percent in the third quarter. We believe Henry Schein grew slightly faster than the end market. Growth was primarily driven by sales of dental specialty products," Mr. Bergman said.

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