Henry Schein

Orbit rises above ‘issues,’ but Lifetime suffers 3Q loss

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: Nov. 9, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Sept. 30, 2017 Numbers: Net sales were reported as $5.00 million, down 8.8 percent from the $5.48 million reported for 3Q FY2016. But year-over-year reported net income rose – from $455,000 (11 cents per diluted share) to $699,000 (19 cents per diluted share) – and earnings before EBITDA held virtually steady ($507,000 and…


No. 256: Historic places, earning potential, winning students and will.i.am doing customer service

Good day, comrades: Take a bow this Nov. 8, dear readers, if you were around 100 years ago today, when Lenin, Trotsky and Stalin took over following Russia’s October Revolution of 1917. (Just, you know … bow carefully.) Welcome new readers Ted, Joseph, Diane and Daniel, and please share your thoughts at editor@innovateli.com. Story tips, corrections and back-pats gratefully accepted. Shed no tiers for them: Heartfelt congratulations to our friends at Uniondale law firm Farrell…


Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…


Digital dentistry program takes root at SBU

By GREGORY ZELLER // Break out the intraoral scanners: Stony Brook University is sinking its teeth into a groundbreaking digital dentistry curriculum. The university’s School of Dental Medicine is one of five U.S. dental schools (there are only 66 total) selected to pilot a new digital dentistry program developed by the Chicago-based American College of Prosthodontists. Stony Brook joins dental schools at the University of Kentucky, Rutgers University in New Jersey, A.T. Still University in…


Admitting no guilt, Henry Schein settles antitrust suit

Henry Schein Inc. has bought its way out of a two-year-old antitrust lawsuit. The Melville-based global healthcare products and services distributor announced this week that it’s settled litigation brought by Arizona-based SourceOne Dental Inc. Although neither party has made an official statement about the size of the settlement, it appears to be somewhere in the $3 million range. Seeking unspecified compensation, SourceOne – self-billed as the dental industry’s “first e-commerce marketplace offering an aggregation of…


Stellar sales, tax break propel Henry Schein’s 1Q

By GREGORY ZELLER // They sure grow fast at Henry Schein Inc., where a seemingly endless expansion has led to another record quarter. Reporting Tuesday on the first quarter of its fiscal 2017, which ended April 1, the Melville-based global healthcare products and services distributor once again noted record-setting gains in quarterly sales and income, with each of its global divisions reporting shiny bottom lines. Net sales for the quarter were recorded as $2.9 billion,…


To infinity, and beyond, at FSC commencements

Farmingdale State College will go global, and then some, at its annual commencement exercises. The college is planning two separate ceremonies this year – one for students graduating from the School of Business and the School of Health Sciences, one for graduates of the School of Arts and Sciences and the School of Engineering Technology – and each will feature a heavy-hitting keynote speaker. The Business/Health Sciences commencement, scheduled to begin at 10 a.m. May…


Acquisitions score, keep on coming at Henry Schein

By GREGORY ZELLER // New revenues from a string of international acquisitions have helped Henry Schein Inc. do it again. Reporting Tuesday on the fourth quarter of its fiscal 2016, which ended Dec. 31, the Melville-based global healthcare products and services distributor once again noted record-setting gains in quarterly earnings – reported at $151.28 million (or $1.88 per share), up from $139.26 million ($1.67 per share) in 4Q FY2015. Long Island’s largest publicly traded company…


LICA sets flashy lineup for Healthcare Forum

By GREGORY ZELLER // The Long Island Capital Alliance has announced a high-profile roster of presenters and panelists for its Dec. 9 Healthcare Capital Forum. The event – one of several capital forums hosted annually by the Capital Alliance, which aims to put regional early-stage companies in front of an experienced review board and an audience of potential investors from Long Island and beyond– has attracted a healthy cross-section of healthcare startups, including two based…


Henry Schein shines in ‘record’ 3Q performance

When the worst news of your quarterly earnings report is you’re affirming your EPS guidance for the rest of the year, you know you’re doing fairly well. “Fairly well” is a relative term, of course, and for Henry Schein Inc., it loosely translates to another quarter of rising revenues and improved per-share earnings. Reporting Wednesday on the third quarter of its 2016 fiscal year, the Melville-based global healthcare products and services distributor noted impressive gains…


Henry Schein acquires Polish dental supplier

Same Poland, new market for multifaceted medical maker Henry Schein. The Melville-based healthcare products provider, whose animal-health division has served customers in Poland since 2014, has announced an agreement to acquire 80 percent of full-service dental distributor Marrodent, which services about 10,000 dental offices across the central European nation. Terms of the deal, which is subject to approval by Polish regulators and is expected to close in the fourth quarter, were not disclosed. Launched in…


Henry Schein CEO Stanley Bergman

New quarter, familiar fortunes for Henry Schein

It was another solid spring for Henry Schein Inc., which reported its second-quarter financials to investors Thursday. Setting the tone in the quarter ended June 25 were year-over-year gains in net sales and income, with each of the Melville-based healthcare-products provider’s individual business segments reporting improved bottom lines. Company-wide net sales for the second quarter were reported at $2.9 billion, a 9.3 percent increase over reported net sales in 2Q 2015. The increase overcame a…


Henry Shein ‘pleased’ with Q1’s 10% sales jump

They’re off to the races once again at Henry Schein Inc., where healthy increases in net sales and net income highlighted a strong first quarter. Coming off a stellar 2015, the aggressively expanding Melville-based healthcare products distributor reported net sales of $2.7 billion for the quarter ended March 26, an increase of 10.1 percent over net sales reported in 1Q 2015. The sales spike came despite a 1.9 percent decline in foreign currency exchange rates,…


Henry Schein inks Japan deal

Medical products specialist Henry Schein Inc. is drilling into the world’s second-largest dental market. The Melville-based distributor of products and services to office-based dental, medical and veterinarian providers has announced a “definitive transaction” that expands its presence in Japan, which according to the company boasts 64,000 dental clinics and 90,000 dentists – one-fifth of whom will now be serviced directly by subsidiary Henry Schein Japan. The new partnership with J. Morita Corp. – a global dental-products…


Report: Schein, competitors face antitrust suits

Medical supply giant Henry Schein and two competitors are facing more than 20 antitrust lawsuits accusing them of colluding to restrict competition from discount distributors, Newsday is reporting. Most of the cases have been filed in U.S. District Court in Central Islip or Brooklyn and are being consolidated into one case, the paper said, quoting court documents. Many of the lawsuits have been filed by dentists since the beginning of the year. The lawsuits allege…