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DENTSPLY Posts $70.2 Million Net Income In Q2 2009

DENTSPLY International Inc. (DENTSPLY) has reported net sales of $553.2 million for the second quarter of 2009, down 7%, compared with the net sales of $594.8 million in the year-ago quarter. It also reported net income of $70.2 million, or $0.47 per diluted share, for the second quarter of 2009, compared with the net income of $78.6 million, or $0.45 per diluted share, in the year-ago quarter.

Net sales in the second quarter of 2009 decreased 7.0% to $553.2 million compared to $594.8 million reported for the second quarter of 2008. Net sales, without precious metal content, decreased 5.6% to $511.9 million in the second quarter of 2009. The change in net sales, excluding precious metal content, was driven by currency translation, which reduced sales by 6.1%, offset by 0.5% growth on a constant currency basis which includes acquisitions.

Net income in the second quarter of 2009 included the net of tax impact of restructuring and other costs of $2.2 million, a net of tax impact for recent acquisition-related activities of $0.5 million and a net charge for income tax-related adjustments of $0.2 million, which in aggregate reduced earnings per share on a net basis by less than $.02 per diluted share.