Henry Schein reports increased dental sales, overall loss in Q4

Henry Schein has reported increased dental sales in the fourth quarter and all of 2017. However, the company posted an overall $8.5 million loss for the quarter.

For the quarter (end-December 30), dental sales totaled almost $1.678 billion, an 8.2% increase compared with $1.550 billion in the fourth quarter of 2016. For the year, the company reported dental sales of more than $6.049 billion, an 8.9% increase from $5.555 billion in 2016.

Overall, Henry Schein's net sales for the quarter were $3.318 billion, a 6.3% increase compared with $3.121 billion in the fourth quarter of 2016. The company reported a net loss for the quarter of $8.5 million, compared with net income of $139.2 million in the same quarter of 2016.

For the year, the company reported net sales of $12.461 billion, a 7.7% increase compared with $11.572 billion in 2016. Henry Schein reported net income for the year of $406.3 million, a decrease of 19.8% compared with $507.8 million the previous year.

The company cited taxes associated with U.S. tax reform legislation and divesting equity ownership of E4D Technologies as reasons behind the loss.

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