For its 2009 fiscal fourth quarter (end-December 26, 2009), Henry Schein reported net sales of $1.8 billion, a 13% increase over sales in the same quarter of 2008 "despite a challenging macroeconomic environment," Chairman and CE Stanley Bergman said in a press release.
Income from continuing operations for the fourth quarter of 2009 was $86.4 million, a 37% increase over the fourth quarter of 2008.
For the 2009 full year, net sales of $6.5 billion represent growth of 2.5% compared with 2008. Income from continuing operations attributable to Henry Schein for 2009 was $308.6 million, an increase of 25% over 2008.
Dental Group sales of $672 million increased 1.5%, consisting of 0.2% growth in local currencies and 1.3% growth related to foreign currency exchange. The 0.2% growth in local currencies included 4.0% growth in dental consumable merchandise sales and a 7.2% decline in dental equipment sales and service revenues, the company noted.
"Quarterly growth in dental consumable merchandise provides further evidence of positive market trends, and the decline in sales of dental equipment has improved for two consecutive quarters," Bergman said in the release.
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