MELVILLE (dpa-AFX) - Henry Schein Inc. (HSIC) posted second-quarter net income attributable to the company of $117.9 million or $1.40 per share, up from $116.2 million or $1.35 per share, prior year.
On an adjusted basis, net income attributable to the company was $123.2 million or $1.46 per share. On average, 15 analysts polled by Thomson Reuters expected earnings of $1.46 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the latest second quarter were $2.63 billion, up 0.5% from $2.62 billion in the comparable quarter last year, while 15 analysts estimated it to be $2.68 billion. This consisted of 7.5% growth in local currencies and a 7.0% decline related to foreign currency exchange. In local currencies, internally generated sales increased 3.9% and acquisition growth was 3.6%.
Looking ahead to 2015, Henry Schein still expects adjusted earnings attributable to the company to be in the range of $5.90 - $6.00 per share, which represents growth of 8% to 10% compared with 2014. Analysts currently expect 2015 earnings of $5.93 per share.
The outlook for 2015 earnings per share attributable to Henry Schein, Inc. is for current continuing operations as well as completed or previously announced acquisitions, and exclude the impact of potential future acquisitions, if any, the company said.
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