Dentsply International is crediting "positive internal growth, acquisitions, and the benefit of a weakening U.S. dollar" for a 12% increase in sales in its 2009 fiscal fourth quarter (end-December 31). The company reported net sales of $569 million for the quarter, compared to $508 million for the same quarter a year ago.
Net income for the quarter was $75 million, up from $71 million in the fourth quarter of 2008.
"We are pleased to report stronger sales and earnings for the fourth quarter, as we are beginning to see the initial signs of recovery in select markets and regions," said Bret Wise, chairman and CEO, in a press release. "Despite a difficult market environment in 2009, we are encouraged by the quarter's record earnings, along with strong results in sales and cash-flow generation."
Net sales for fiscal 2009 were $2.15 million, compared to $2,19 million in 2008. Net income for the year was $274.3 million, compared to $283.9 million in the previous year.
"As we enter 2010, we are encouraged by the initial signs of improvement in select markets, and anticipate that the global dental market will experience a modest gradual recovery during the year," Wise said. "This expectation, along with the product and geographic balance reflected in our business, has given us the confidence to make additional strategic growth investments."
Copyright © 2010 DrBicuspid.com
