DENTSPLY International Inc has announced record sales and earnings for the 3 months that ended June 30, 2011. Net sales in the second quarter of 2011 increased 7.8% to $609.4 million compared to $565.1 million reported for the second quarter of 2010. Net sales, excluding precious metal content, were $564.0 million, an 8.7% increase compared to $518.8 million the second quarter of 2010.
According to an announcement from the company, the net sales growth was primarily the result of favorable foreign exchange rates, recent acquisitions, and internal sales growth, despite headwinds from reduced orthodontic supply and lower Japanese sales resulting from the natural disaster in that country.
Net income attributable to DENTSPLY for the second quarter of 2011 was $74.2 million, or $0.52 per diluted share, representing growth of 6.1% compared to $0.49 per diluted share in the second quarter of 2010.
Bret Wise, chairman and CEO, said, "… Although our results have been negatively impacted by the supply outage of orthodontic products sourced from Japan, we continue to execute our contingency plans to mitigate the impact on both our near-term and long-term results. We expect that the negative impact will increase in the back half of the year and that we should begin to recover early in 2012."
