DENTSPLY International Inc. Earnings: Profit Down

S&P 500 (NYSE:SPY) component DENTSPLY International Inc. (NASDAQ:XRAY) reported its results for the fourth quarter. DENTSPLY International manufactures and distributes dental equipment and products, including artificial teeth and dental consumable products.

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DENTSPLY International Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the medical instruments and supplies company fell to $40.6 million (28 cents per share) vs. $67.8 million (47 cents per share) a year earlier. This is a decline of 40.1% from the year earlier quarter.

Revenue: Rose 29.9% to $738 million from the year earlier quarter.

Actual vs. Wall St. Expectations: DENTSPLY International Inc. reported adjusted net income of 51 cents per share. By that measure, the company fell short of mean estimate of 52 cents per share. It beat the average revenue estimate of $723 million.

Quoting Management: Bret Wise, Chairman and Chief Executive Officer, stated, “We are pleased to report record sales and adjusted earnings for 2011. Our portfolio of new products has been particularly strong, driving market share gains across numerous categories. The global dental market continued to improve in 2011, particularly in the United States where there has been a notable strengthening in underlying demand. Looking ahead to 2012, we expect continued improvement in many of our key markets, despite economic volatility in Europe. Given these factors, we expect adjusted earnings to improve in 2012 to a range of $2.22 to $2.30 per diluted share.”

Key Stats:

The company fell short of forecasts after beating estimates in the previous two quarters. In the third quarter, it topped the mark by 3 cents, and in the second quarter, it was ahead by 4 cents.

Looking Forward: Expectations for the company’s next quarter results are lower than they have been. Over the past sixty days, the average estimate for first quarter of the next fiscal year has fallen from 54 cents per share to 53 cents. Over the past sixty days, the average estimate for the fiscal year has reached $2.03 abs per share, a decline from $2.04.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com