Henry Schein reports record Q1 results

Henry Schein reported record first-quarter results (end-March 31), with a net sales of $2.1 billion, an increase of 7.8%, and net income of $80.8 million, an increase of 16.4% compared with the first quarter of 2011.

The company credited the implementation of a largely completed restructuring aimed at optimizing their cost structure and improving profitability.

Global dental sales reached $1.2 billion for the quarter, a 5.5% increase over sales for the same quarter a year ago, due to stable or improved patient traffic to dental offices in the markets Henry Schein serves, said Stanley Bergman, chairman and CEO, in a press release.