National Dentex, one of the largest owner/operators of dental laboratories in the U.S., reported net income of $2.1 million for the first quarter of 2009, a 22.5% increase over net income of $1.7 million for the same period a year ago.
Sales declined 5.2%, however, with the company reporting $41.3 million for the first quarter of 2009, down from $43.5 million in the first quarter of 2008.
"Overall, we are pleased with the early results of 2009," said President and CEO David Brown in a press release. "While economic conditions remain uncertain and we truly do not yet know the full extent of this economic challenge, a true test of one's ability is how you respond to difficult times. Even though internal sales, meaning sales at laboratories owned over one year, were down 6.7% on a sales per day basis in the first quarter 2009 as compared to the same quarter 2008, we improved our operating income by $509,000, or 15.0%, and our net income by $378,000, or 22.5%."
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