Henry Schein reports strong growth in global dental sales

2020 05 06 16 03 1866 Henry Schein 2019 400

Henry Schein reported strong growth in global dental sales for the second quarter of 2021, as the industry continues to recover from the worst of the COVID-19 pandemic.

For the second quarter (end-June 26, 2021), the company reported revenue of $3 billion, up 76.2% from the same period in 2020 when lockdowns forced dental practices to close. But revenue was also up by 21.2% compared with the second quarter of 2019, prior to the pandemic.

Strong global dental sales of $1.9 billion in the second quarter of 2021, up by 102.9% from the same period in 2020, helped drive performance. In a statement about the results, the company cited gains in both consumable merchandise and equipment.

Henry Schein posted net income under generally accepted accounting principles (GAAP) of $155.7 million, or $1.10 per diluted share, in the second quarter, up from $11.4 million, or 8¢, in 2020. Optimistic about the rest of the year, the company raised guidance for 2021.

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