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Henry Schein Reports Record First Quarter Results
Date:5/8/2012

$1.2 billion increased 5.5%, consisting of 6.6% growth in local currencies and a 1.1% decline related to foreign currency exchange.  In local currencies, internally generated sales increased 6.2% and acquisition growth was 0.4%.  The 6.2% internal growth in local currencies included 4.5% growth in North America and 8.9% International growth.

"Dental sales growth was strong due to stable or improved patient traffic to dental offices in the major markets we serve.  We believe that we continued to gain market share in our global dental business," commented Mr. Bergman.

Global Animal Health sales of $525.6 million increased 15.3%, including 15.4% growth in local currencies and a 0.1% decline related to foreign currency exchange.  In local currencies, internally generated sales increased 14.8% and acquisition growth was 0.6%.  The 14.8% internal growth in local currencies included 15.8% growth in North America and 13.7% International growth.

"On a global basis our Animal Health business continued to make impressive gains in market share, in large part due to the expanding breadth and depth of our product offerings and strengthening relationships with our customers," commented Mr. Bergman.  "We recently announced the signing of a definitive agreement to acquire AUV Veterinary Services, the leading distributor serving animal health practitioners in the Netherlands and Belgium.  By expanding our European animal health footprint, we have an opportunity to provide even greater value to our customers and manufacturing partners."

Global Medical sales of $354.8 million increased 4.0%, including 4.2% growth in local currencies and a 0.2% decline related to foreign currency exchange.  In local currencies, internally generated sales increased 3.6% and acquisition growth was 0.6%.  The 3.6% internal growth in local currencies included 3.4% growth in North America and 7.4% International growth.

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SOURCE Henry Schein, Inc.
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