Henry Schein has reported record financial results for its fiscal third quarter of 2015.
For the quarter (end-September 26), the company reported third-quarter income of $127.7 million, an increase of 13.7% compared with the third quarter of 2014. Net sales were $2.7 billion, an increase of 2.4% compared with the same quarter last year. However, dental sales declined by 2.5% to $1.3 billion over the same period.
"We are pleased with our third-quarter financial results, which reflected accelerated growth in adjusted diluted [earnings per share] as well as in worldwide sales despite the continued negative impact of the strength of the U.S. dollar," stated Stanley Bergman, chair of the board and CEO of Henry Schein, in a press release. "In North America, we believe that consumable merchandise internal sales growth in local currencies of 3.8% indicates continued solid patient flow to dental offices. Equipment sales and service internal growth in local currencies of 6.4% was the highest in more than a year and reflected particular strength in sales of traditional equipment."
