Dentsply pleased with first quarter results

Dentsply is pleased with its results from the first quarter of this year.

The company made this statement while announcing figures from the three-month period ending March 31st 2009. It said in a slowing economic climate, net sales of $506.9 million (339.5 million pounds) were “solid”.

The total represents a 6.2 per cent drop from 2008. Net income reached $61.7 million or a diluted share price of $0.41. Compared to the same quarter last year, this is a $0.04 decrease.

Impairment, restructuring and other costs reached $1 million.

Chairman and chief executive officer Bret Wise said Dentsply was trying to create a balance between continuing technology investment and cost containment.

“Our global diversification, depth of product lines and the strength of our balance sheet provide a solid foundation to further build upon our market position throughout economic cycles,” he remarked.

Meanwhile, last week saw the company confirm its attendance at an industry event later in May.

Bill Jellison, senior vice-president and chief financial officer, is set to present at the 2009 Health Care Conference.