Forbes Names Henry Schein One of 12 Turbocharged Companies in 2006 Platinum 400 List; Double-Digit Sales and EPS Growth Rates for Five Years Place the Company in Elite Status among America's Best Big Companies
MELVILLE, N.Y., Jan 11, 2006 (BUSINESS WIRE) -- Henry Schein, Inc. (NASDAQ: HSIC), the largest distributor of healthcare products and services to office-based practitioners in the combined North American and European markets, has been designated a "turbocharged stock" by Forbes magazine in its newly released Platinum 400 list of America's Best Big Companies. One of just 12 companies to receive the distinction, Henry Schein earned its place on the list by posting growth rates of at least 10 percent over the past five years in both sales and earnings per share. The Company, which is ranked 120th on the Platinum 400 list, is the only representative from its industry to earn the "turbocharged" designation.
"This is a wonderful recognition of our strong growth over the past years, which has resulted from our strategic positioning of Henry Schein as a business partner of our customers rather than simply a distributor," said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein. "As the Platinum 400 list demonstrates, many of America's biggest and best companies are not able to achieve this level of growth year-after-year, and we are proud to be able to deliver this superior level of performance to our investors. The credit is due to nearly 11,000 Team Schein Members, whose shared commitment to serving our dental, medical and veterinary customers around the world distinguishes our Company."
According to Forbes, in six of the past seven years, the Forbes Platinum 400 has outperformed the stock market over the following 12 months. In addition, Forbes states that over the coming year, security analysts believe that the 12 companies on the Platinum 400 "turbocharged stock" list will exceed their five-year historic average growth rates in both sales and earnings. Forbes also noted that analysts expect these companies to post at least 10 percent annualized earnings growth over the next three to five years. The full list of Platinum 400 turbocharged stocks is available online at www.forbes.com, and is published in the January 9 issue of Forbes magazine.
About Henry Schein, Inc.
Henry Schein, a Fortune 500(R) company, is recognized for its excellent customer service and highly competitive prices. The Company's four business groups--Dental, Medical, International and Technology--serve more than 475,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions. The Company's sales from continuing operations reached a record $3.9 billion in 2004. The Company operates through a centralized and automated distribution network, which provides customers in more than 125 countries with a comprehensive selection of over 160,000 national and Henry Schein private-brand products.
Henry Schein also offers a wide range of innovative value-added practice solutions for healthcare professionals, such as ArubA(R), the Company's electronic catalog and ordering system. Henry Schein's leading practice management software systems have been installed in more than 50,000 practices - DENTRIX(R) and Easy Dental(R) for dental practices, and AVImark(R) for veterinary clinics.
Headquartered in Melville, N.Y., Henry Schein employs nearly 11,000 people and has operations in 19 countries. For more information, visit the Henry Schein Web site at www.henryschein.com.
SOURCE: Henry Schein, Inc.
Henry Schein, Inc.
Susan Vassallo, 631-843-5562
susan.vassallo@henryschein.com