Henry Schein’s big year continues: Not only did the Melville-based health care products distributor land Thursday on the Fortune 500 list for the 11th consecutive year, but it moved up five spots from its 2014 ranking.
Henry Schein reported net sales of $10.4 billion in 2014, good for No. 287 on Fortune’s annual listing of the nation’s top public companies. Last year, the company was ranked No. 292.
It was the latest glad tiding in a year of happy developments for the self-billed “world’s largest provider of healthcare products and services to office-based dental, animal health and medical practitioners.” Already in 2015, Henry Schein has been honored by Forbes as one of America’s Best Employers and has earned a place on the S&P 500, the prestigious stock index tracking the biggest market-capitalization companies trading on the Nasdaq and the New York Stock Exchange.
The company was once again joined on the Fortune 500 by Cablevision Systems Corp., which marked its 17th straight year on the list and was the only other Long Island-based company ranked. The telecommunications provider slipped from No. 397 last year to No. 419, with reported 2014 net sales of $6.5 billion.
Topping this year’s list – the 61st edition of the prized countdown, with listed companies accounting for $12.5 trillion in revenues and $945 billion in profits – was mammoth retailer Wal-Mart, which repeated at No. 1 with more than $485 billion in 2014 revenues. The Arkansas titan was followed by Exxon Mobile ($385.2 billion), Chevron ($203.7 billion), Berkshire Hathaway ($194.6 billion) and Apple ($182.7 billion).
Rounding out the top 10 were General Motors ($155.9 billion), Phillips 66 ($149.4 billion), General Electric ($148.3 billion), Ford Motor Co. ($144 billion) and first-time top-10 finisher CVS Health ($139.3 billion).
In addition to inching up the list by five places, Henry Schein’s $10.4 billion year marked a giant leap from its $4.1 billion finish in 2004, the first year it cracked the Fortune 500.
Company CEO Stanley Bergman called Henry Schein’s 11-year climb up the Fortune 500 rankings “a testament to the shared commitment and values” of the company’s more than 18,000 global employees.
“By serving our customers, partnering with our suppliers, providing steady financial results to our investors and working together as Team Schein to give back to the communities we serve around the world, we have found the path to what we believe will be our continued success in the future,” Berman said in a written statement.