Sunny 2Q for Henry Schein

Medical and dental supplies giant Henry Schein (Nasdaq NM: HSIC) posted healthy gains on both the sales and earnings side of the balance sheet. Net sales for the second quarter ended June 29 were $671.4 million, up 11% from $606.3 million a year ago. Net income for the second quarter increased 34%, to $28.1 million from $20.9 million last year.

The Melville, NY-based mailer reported dental net sales increased 9%, to $306.3 million. Schein’s medical group, which serves primarily the physician office and alternate care markets, reported second-quarter 2002 net sales of $242.7 million, an increase of 13%. International net sales increased 12%, to $106.8 million.

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