Henry Schein reports Q2 results

Henry Schein reported fiscal second-quarter income of $117.9 million, an increase of 6% compared with the second quarter of 2014.

For the quarter (end-June 27), net sales were $2.6 billion, an increase of 0.5% compared with the same quarter last year. However, dental sales declined by 3.5% over the same period, mostly related to a decline in international currency exchange, according to the company.

"Our second-quarter financial results were solid with internal sales growth in local currencies in each of our four business groups. Total sales growth was again negatively impacted by the strength of the U.S. dollar against various foreign currencies, in particular the euro," stated Stanley Bergman, chairman of the board and CEO of Henry Schein, in a press release.

"In North America, consumable merchandise internal sales growth in local currencies was strong, at 5.4%, and indicates solid patient traffic to dental offices," Bergman stated.

For the first half of 2015, net sales were $5.1 billion, an increase of 0.9% compared with the first half of 2014, and net income was $221.4 million.