Dentsply announces record earnings

Dentsply has announced that the third quarter of 2008 has brought record sales and earnings for the company.

Ending on September 30th, the three-month period saw net sales increase by 8.6 per cent and reach $530 million (330.17 million pounds), compared to $488.1 million in the same quarter last year.

Dentsply cited a “balanced portfolio” as one of the reasons for the figures.

Net income, which included an $11.4 million charge for restructuring and related costs, totalled $66 million.

Although chairman and chief executive officer Bret Wise acknowledged the period was one of “economic volatility”, he confirmed a 2008 guidance of $1.86 earnings per diluted share to $1.91.

“We are very pleased to once again deliver record top and bottom line results in the third quarter,” he added. “We continue to benefit from our role as a key diversified player in the global dental industry.”

Dentsply was established over a century ago and aims to supply solutions for “better dentistry”.

Its core values, which include “mutual respect” and “unquestionable integrity”, are stated on its website, alongside a list of products offered by the brand.