Schein (henry)

Schein is a publicly traded company having a good stock performance result .Schein is a fortune 500 stock listed company trading under HSIC.

Henry Schein helps dentists get their glossy whites to shine. The company is a leading distributor of dental supplies and equipment, serving over three-quarters of dental offices in the United States. The firm provides such dental items as impression materials, X-ray equipment, anesthetics, and dental practice management software. In addition to dental products, the company provides supplies and equipment to medical offices, including diagnostic kits, surgical tools, and generic and brand-name pharmaceuticals. The company also serves veterinary offices with supplies and equipment.

On Feb. 22, 2006 Henry Schein, Inc., the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets, today reported financial results for the quarter ended December 31, 2005.

Net sales for the fourth quarter of 2005 were 1.34 billion dollars, an increase of 16.2 percent from the fourth quarter of 2004. This increase includes 18.4 percent local currency growth 13.5 percent internally generated and 4.9 percent from acquisitions offset by a 2.2 percent decline related to foreign currency exchange. The fourth quarter of 2005 included an additional week compared with the fourth quarter of 2004. The Company estimates that the extra week accounted for approximately 5 percent to 6 percent of net sales growth.

Fourth quarter income from continuing operations was 52.5 million dollars up 78.4 percent compared with the fourth quarter of 2004, and earnings per diluted share from continuing operations were 0.59 dollars, up 78.8 percent compared with the prior-year quarter. Excluding a one-time charge in the fourth quarter of 2004 of 8.4 million dollars after tax, fourth quarter 2005 income and earnings per diluted share from continuing operations grew by 38.9 percent and 37.2 percent respectively.

For the quarter, Dental sales increased 17.4 percent, including 17.1 percent growth in local currencies and 0.3 percent related to foreign currency exchange. Of the 17.1 percent local currency growth, Dental consumable merchandise sales increased 15.9 percent and Dental equipment sales and service revenues were up 20.0 percent. For the quarter, International sales increased 10.3 percent, including 18.5 percent growth in local currencies offset by an 8.2 percent decline related to foreign currency exchange.