Henry Schein reports increased dental sales in Q1

Henry Schein reported that its net sales increased for the first quarter of 2014.

For the quarter (end-March 29), net sales were $2.4 billion, an increase of 6.0% compared with the first quarter of 2013. Dental sales increased 8.9% to $1.3 billion.

Net income for the first quarter of 2014 was $102.1 million, an increase of 8.4% compared with the same period in 2013.

"Our North America Dental sales were highlighted by equipment sales and service revenue growing 16% internally in local currency," said Stanley Bergman, CEO of Henry Schein. "In our international dental business, consumable merchandise sales growth accelerated sequentially with internal growth in local currencies the highest it has been in nearly two years, and strategic acquisitions bolstered equipment sales and service revenue growth."