Henry Schein dental sales reach $1.3B — 7 things to know

Henry Schein reported its financial results for the first quarter of 2016.

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Here are seven things to know:

1. Henry Schein net sales hit $2.7 billion, up 10.1 percent from the first quarter of 2015.

2. For the quarter, net income attributable to Henry Schein was $113.8 million, or $1.37 per share.

3. Henry Schein’s dental sales reached $1.3 billion, a 4.1 percent increase from the same period of 2015.

4. The company’s medical sales hit $538.1 million and animal sales reached $771.4 million.

5. The company’s technology and value-added services sales were $101.7 million, up 18.6 percent from the first quarter of 2016.

6. Henry Schein repurchased approximately 664,000 shares of its common stock during the first quarter at an average price of $150.51 per share, or approximately $100 million.

7. For 2016, Henry Schein expects adjusted diluted earnings per share between $6.55 and $6.65.

“In North America, consumable merchandise internal sales growth in local currencies was 4.6 percent, which we believe reflects continued healthy patient traffic to dental offices as well as market share gains,” said Stanley M. Bergman, chairman of the board and CEO, Henry Schein.  

More dental news:
‘America’s Best Dentists’ adds Dr. Tamara Levit — 4 things to know
3M revenue hits $7.4B, Henry Schein names 2 new senior executive roles & more — 6 key notes
Dr. Douglas John Sanders dies as 92 — 4 notes

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