Dental equipment supplier Young Innovations had lower sales but record earnings for its second quarter of 2009, the company announced.
For the quarter (end-June 30), sales were $24.6 million, a decrease of 4.9% from the $25.9 million reported for the second quarter of 2008. Income from operations increased 4.8% to $5.4 million from $5.2 million in the prior year. Net income for the second quarter increased 7.4% to $3.3 million from $3.1 million in 2008.
For the first six months of 2009, sales were $48.4 million, down 3.8% from the $50.3 million reported in the same period a year ago. Income from operations increased 6.9% to $10.4 million from $9.7 million in the prior-year period. Net income was $6.5 million, increasing 9.3% from $5.9 million in the prior year.
"Sales of our consumable products continued to be stable in the second quarter despite the challenging economic environment, while demand for our diagnostic products remained weak," the company said in a press release.
Consumable product sales, which include preventive, infection control, endodontic, microapplicator, and home care product lines, were roughly equivalent to the prior-year quarter, Young noted. Sales of diagnostic products were approximately $1.1 million less than the prior-year quarter, according to the company.
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