DENTSPLY International Reports Second Quarter 2013 Results
Thomson Reuters ONEPress Release: DENTSPLY International Inc. – Thu, Aug 1, 2013 6:33 AM EDT..
Earnings per diluted share of $0.60 on a US GAAP reported basis and a record $0.66 on an adjusted basis
Adjusted operating margin expanded 60 basis points to 19.2% from 18.6% in the prior year
York, PA - August 1, 2013 - DENTSPLY International Inc. (XRAY) today announced sales and earnings for the three months ended June 30, 2013.
Net sales in the second quarter of 2013 were essentially flat at $761.0 million compared to $763.0 million in the second quarter of 2012. Net sales, excluding precious metals content, in the second quarter of 2013 of $716.0 million increased 2.5% from $698.5 million in the second quarter of 2012. Constant currency net sales growth, excluding precious metals content, in the second quarter was 2.7%, reflecting strong internal growth in the U.S. and more modest internal growth in the other geographic regions.
Net income attributable to DENTSPLY International for the second quarter of 2013 was $87.2 million, or $0.60 per diluted share, compared to $80.8 million, or $0.56 per diluted share in the second quarter of 2012. On an adjusted basis, excluding certain items, earnings grew 7% to $0.66 per diluted share for the second quarter of 2013 from $0.62 in the same period in 2012. A reconciliation of the non-GAAP measure to earnings per share calculated on a US GAAP basis is provided in the attached table.
"DENTSPLY achieved record adjusted earnings for the second quarter driven by an acceleration of internal growth in the U.S. and expansion of adjusted operating margins," said Bret Wise, Chairman and Chief Executive Officer.