Henry Schein reported its fourth-quarter financial results for 2014, announcing record revenues for the period and the year.
For the fourth quarter (end-December 27), net sales were $2.7 billion, an increase of 7.0% compared with the same period in 2013, according to the company. Net income for the quarter was $133.0 million, an increase of 7.0%, compared with the same period in 2013. Dental sales increased 3.9% to $1.4 billion.
Net sales for 2014 were $10.4 billion, an increase of 8.5% compared with 2013. Fiscal 2014 was the first year the company's annual sales exceeded the $10 billion mark, the company noted.
Net income for 2014 was $466.1 million, an increase of 7.5%, compared with adjusted net income for 2013 excluding the net impact of certain one-time items.