Internal Growth Led by Dental and Technology
Internal constant currency sales grew 4.6%, with dental merchandise up 5.9%, dental equipment 2.2%, medical 3.9%, specialty products 3.2%, and technology up 9.1%—the highest internal growth rate among segments.
Gross Margin Expansion from Mix and Initiatives
Gross margin improvement to 31.8% was attributed to favorable business mix and early benefits from value creation initiatives, particularly in the distribution segment.
Restructuring Charges Continue Under 2024 Plan
The company recorded $29 million in restructuring charges, primarily for severance and facility exits, as part of a multi-year plan to integrate acquisitions and right-size operations.