Henry Schein has reported record financial results for its fiscal second quarter of 2011.
For the period (end-June 25), net sales were $2.1 billion, up 15.2% over net sales of $1.8 billion in the second quarter of 2010. Net income attributable to Henry Schein for the quarter was $94.5 million, an increase of 12.5% over net income of $84 million in the same quarter a year ago.
North American dental sales of $709.3 million increased 4.7% over sales of $677.6 million in the second quarter of 2010.
"The North American dental group had internal sales growth in local currencies of 3.4%, which is the highest quarterly growth rate we have reported in nearly three years," said Stanley Bergman, chairman and CEO, in a press release. Sales of dental consumable merchandise have increased for eight consecutive quarters, and dental equipment sales and service revenues have increased for six consecutive quarters, he added.
International sales of $781.7 million increased 29.8%, consisting of 15.1% growth in local currencies and 14.7% growth related to foreign currency exchange.
