Dentsply International remains optimistic about its dental business despite a 7% drop in sales and an 11% decline in income year over year for the second quarter of 2009.
For the period (end-June 30), the company reported net sales of $553.2 million, compared to $594.8 million in the second quarter of 2008. Net income for the quarter was $70.20 million, down from $78.65 million in the same quarter a year ago. The results for the latest quarter include $2.2 million of restructuring and other costs, $0.5 million of impact of acquisition-related activities, and $0.2 million of net charge for income tax-related adjustments.
"We are pleased to have once again delivered constant currency sales growth, excluding precious metals content," said Bret Wise, chairman and CEO, in a press release. "Despite a difficult economic environment, our businesses continue to execute well, and our earnings and cash flow are solid. This affirms the resilience of the global dental market and the strength of our business model."
Copyright © 2009 DrBicuspid.com
