Henry Schein reported its financial results for the third quarter of 2017.
Here are six things to know:
1. Dental sales totaled $1.5 billion, an 11.1 percent increase compared to the same period last year.
2. In the third quarter, dental consumable merchandise internal sales growth in local currencies hit 1.3 percent in North America, according to Henry Schein CEO and Board Chairman Stanley Bergman. This figure was down 0.7 percent due to recent hurricanes and losing a DSO contract the company previously disclosed.
3. Overall, Henry Schein net sales jumped 10.3 percent to $3.2 billion.
4. Net income attributable to Henry Schein was $138 million, or $0.87 per share.
5. For the first nine months of 2017, Henry Schein's net sales totaled $9.1 billion, up 8.2 percent compared to the first nine months of last year.
6. The company's net income attributable to Henry Schein was $414.8 million during the first nine months this year.
Mr. Bergman said, "Solid overall sales results for the quarter reflect continued success with our comprehensive offering of products and value-added services that drive internal growth, complemented by strategic acquisitions. Third quarter sales growth was negatively impacted by approximately 30 basis points due to the recent hurricanes in the U.S. as well as a difficult comparable in dental equipment sales as we reported double-digit sales growth in the third quarter of 2016 associated with a successful sales promotion."
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Here are six things to know:
1. Dental sales totaled $1.5 billion, an 11.1 percent increase compared to the same period last year.
2. In the third quarter, dental consumable merchandise internal sales growth in local currencies hit 1.3 percent in North America, according to Henry Schein CEO and Board Chairman Stanley Bergman. This figure was down 0.7 percent due to recent hurricanes and losing a DSO contract the company previously disclosed.
3. Overall, Henry Schein net sales jumped 10.3 percent to $3.2 billion.
4. Net income attributable to Henry Schein was $138 million, or $0.87 per share.
5. For the first nine months of 2017, Henry Schein's net sales totaled $9.1 billion, up 8.2 percent compared to the first nine months of last year.
6. The company's net income attributable to Henry Schein was $414.8 million during the first nine months this year.
Mr. Bergman said, "Solid overall sales results for the quarter reflect continued success with our comprehensive offering of products and value-added services that drive internal growth, complemented by strategic acquisitions. Third quarter sales growth was negatively impacted by approximately 30 basis points due to the recent hurricanes in the U.S. as well as a difficult comparable in dental equipment sales as we reported double-digit sales growth in the third quarter of 2016 associated with a successful sales promotion."
More articles on dental:
Dental implants market to hit $8.1B by 2022: 5 notes
33% of young US adults have dental anxiety from teeth, gum issues: 4 key points
Global dental imaging market to experience 8.28% CAGR until 2021: 3 insights