Henry Schein reported net sales of $1.9 billion for the third quarter of 2010 (end-September 25), a 14% increase over net sales of $1.7 billion for the same quarter a year ago. Income from continuing operations for the third quarter was $87.9 million, down from $96 million in the third quarter of 2009.
North American dental sales of $665.9 million increased 7.1%, the company noted, consisting of 6.5% growth in local currencies and 0.6% growth related to foreign currency exchange. The 6.5% growth in local currencies included 8.1% growth in dental consumable merchandise sales and 1.4% growth in dental equipment sales and service revenues.
"Internal dental consumable merchandise sales growth in local currencies has increased modestly for each of the past four quarters," said Stanley Bergman, chairman and CEO of Henry Schein, in a press release. "This trend and continued sales growth in dental equipment affirm our confidence that the market will continue to show gradual improvement."
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