Henry Schein reported its second-quarter financial results for 2014, announcing record revenues for the period.
For the second quarter (end-June 28, 2014), the company had net sales of $2.6 billion, an increase of 9.3% from the same period in 2013, and dental sales increased 8.6% to $1.4 billion, compared with the second quarter of 2013.
Net sales for the first half of 2014 were $5.0 billion, an increase of 7.7% compared with the first half of 2013, the company reported. Net income for the first half of 2014 was $218.3 million, an increase of 7.8%, compared with the first half of 2013, excluding a noncash, one-time expense related to debt refinancing.
"Sales growth was solid during the second quarter with internal sales growth in local currencies the highest we have reported in the past year and a half. Domestic sales rebounded from the effects of severe winter weather in the preceding quarter," stated CEO Stanley Bergman in a press release.
