May 11, 2023

Henry Schein Reports 1Q Results, 2 Acquisitions

The New York-based health care products distributor made acquisitions in Australia and Brazil.

PFG’s total case volume grew 3% for a second straight quarter.

Cutting tool consumption totaled $225.6M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.

Salaries for U.S.-based supply chain professionals continue to rise, with median income reaching $98,570 in 2023, according to ASCM data.

India-based Sak Abrasives is expanding its presence in the U.S. with the acquisition of Jowitt & Rodgers.

Steve Harris will succeed interim CEO Bill Tolley and assume his responsibilities effective May 30, the company said.

In the 12-month period through April, the PPI increased 2.3%, following a 2.7% gain in March, the Bureau of Labor Statistics said.

Sequentially, the foodservice distributor’s net sales were roughly flat when compared to 4Q 2022.