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Henry Schein Reports Record First Quarter Results
Date:5/3/2011

owth in local currencies for four consecutive quarters, continuing a longstanding trend of solid growth," explained Mr. Bergman.  "First quarter results include particular strength in software sales in Australia and New Zealand, and in electronic services in the U.S."

Stock Repurchase PlanThe Company announced that it repurchased 409,755 shares of its common stock during the first quarter at an average price of $66.13 per share.  The impact of the repurchase of shares on first quarter diluted EPS was immaterial.  At the end of the first quarter, the Company had $72.9 million authorized for future repurchases of its common stock.

2011 EPS GuidanceHenry Schein today affirmed 2011 financial guidance, as follows:

  • 2011 diluted EPS attributable to Henry Schein, Inc. is expected to be in the range of $3.88 to $3.98.
  • Guidance for 2011 diluted EPS attributable to Henry Schein, Inc. is for current continuing operations as well as completed or previously announced acquisitions, and does not include the impact of potential future acquisitions, if any.

  • First Quarter Conference Call WebcastThe Company will hold a conference call to discuss first quarter financial results today, beginning at 10:00 a.m. Eastern time.  Individual investors are invited to listen to the conference call over the Internet through Henry Schein's Web site at www.henryschein.com.  In addition, a replay will be available beginning shortly after the call has ended.

    About Henry ScheinHenry Schein, a Fortune 500® company and a member of the NASDAQ 100® Index, is the largest provider of health care products and services to office-based practitioners.  The Company is recognized for its excellent customer service and highly competitive prices.  Henry Schein's five businesses – Dental, Medical, Animal Health, International and Technology – serve more than 7
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