Dental equipment supplier Young Innovations reported record sales for the first quarter of 2010. Sales for the quarter (end-March 31) were $24.8 million, up $1 million (4.3%) from sales of $23.8 million in the same quarter a year ago.
Net income for the quarter increased 12.8% to $3.6 million, compared with $3.2 million in the first quarter of 2009.
"Increased sales of consumable products were somewhat offset by weaker results in our diagnostic product line," the company stated in a press release. "Our outlook remains cautious as economic conditions, in general, and the unemployment rate, in particular, will continue to impact the dental industry."
Copyright © 2010 DrBicuspid.com
