Henry Schein hits $3.1B in sales in Q2 — 6 insights

Henry Schein reported net sales of $3.1 billion in its second quarter fiscal year 2017 results.

Here's what you should know:

1. Henry Schein's sales increased 6.5 percent year-over-year.

2. Henry Schein's net adjusted income for the second quarter was $136.1 million or $1.71 per diluted share.

3. Concerning its medical sector, Henry Schein reported $571.4 million in sales, which was a 6.1 percent increase year-over-year.

4. Henry Schein CEO Stanley Bergman said in a release, "We believe continued market share gains in our medical group are the result of our ability to meet the needs of a dynamic, evolving healthcare market, particularly among large group practices, where we expect to see further consolidation."

5. Concerning rest-of-year outlooks, Henry Schein expects adjusted diluted earnings per share between $7.13 and $7.26, which includes a $0.04 litigation settlement response.

6. During the second quarter, Henry Schein repurchased 289,000 shares of its common stock at an average price of $173.16 per share. It had no impact on second quarter diluted earnings.

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