Henry Schein, the leader in dental distribution, announced today that they had a record-setting second quarter.
With the quarter having ended on July 30th, total sales were $8.7 billion, an increase of 8.7% when compared with the second quarter of 2017.
Dental sales were comprised of $1.6 billion of Henry Schein’s second-quarter revenue, an increase of 8.4%.
Stanley M. Bergan, Chairman and CEO of Henry Schein said:
“We are pleased with internal sales growth in local currencies in our North America dental consumable merchandise business of 4.7%, the highest quarterly growth rate since the fourth quarter of 2015. This growth in part reflects a favorable comparison versus second quarter 2017 sales; however, we continue to believe the end-market is stable and we have benefited from market share gains. Dental equipment internal sales in local currencies increased by 6.2%,” commented Mr. Bergman. “Internationally, dental consumable merchandise internal sales growth in local currencies was 3.0%. Internal growth in local currencies for international dental equipment was a healthy 4.7%.”
The company repurchased approximately 744,000 shares of its common stock during the second quarter. It paid an average price of $71.69 per share, for a total of $53 million.
Net sales for the first half of 2018 were $6.5 billion, an increase of 9.4% when compared to the first half of 2017.