DENTSPLY International Reports Record Second Quarter 2015 Results
(Thomson Reuters ONE) -
· Record adjusted earnings of $0.73 per diluted share, up 6% vs. $0.69
in prior year period
· Revenue excluding precious metals up 3.2% in constant currency; Fx
headwind 10.9%
· Adjusted operating margin for the second quarter expanded 180 bps to
21.1%
York, PA - July 30, 2015 - DENTSPLY International Inc. (NASDAQ: XRAY) today
announced sales and earnings for the three months ended June 30, 2015.
Second Quarter Results
Net sales in the second quarter of 2015 of $698.0 million decreased 8.8%
compared to $765.2 million in the second quarter of 2014. Net sales, excluding
metals content, of $674.7 million decreased 7.7% compared to $730.9 million in
the second quarter of 2014. The revenue decline, excluding precious metals,
primarily reflects constant currency growth of 3.2% that was more than offset by
a 10.9% headwind from foreign currency translation.
Net income attributable to DENTSPLY International for the second quarter of
2015 was $44.1 million, or $0.31 per diluted share, compared to $90.0 million,
or $0.62 per diluted share in the second quarter of 2014. On an adjusted basis,
excluding certain items, net earnings per diluted share grew 6% to $0.73
compared to $0.69 in the second quarter of 2014. A reconciliation of the
adjusted earnings per share, a non-US GAAP measure, to earnings per share
calculated on a US-GAAP basis is provided in the attached table.
First Half 2015 Results
Net sales for the first six months of 2015 of $1.35 billion decreased 9.4%
compared to $1.50 billion for the first six months of 2014. Net sales for the
six months, excluding precious metals content, of $1.31 billion decreased 8.0%
compared to $1.42 billion in the first six months of 2014, due primarily to a
10.2% headwind from currency translation.
Net income attributable to DENTSPLY International for the first six months of
2015 was $108.0 million, or $0.76 per diluted share, compared to $162.9 million,
or $1.13 per diluted share in the first six months of 2014. On an adjusted
basis, excluding certain items, net earnings per diluted share grew 2% to $1.31
compared to $1.28 in the first six months of 2014.
Outlook
Bret Wise, DENTSPLY's Chairman and Chief Executive Officer, stated "Momentum
improved in many parts of our business during the second quarter, as reflected
in our accelerated organic growth rate. This, coupled with continued margin
expansion coming from our efficiency efforts gives us increased confidence as we
begin the next phase of our global efficiency and investment program. We are
starting to reinvest a portion of the savings to fund growth initiatives that
will improve the business over a longer term. Given our first half results,
recent strength in the US market, and in light of a relatively stable European
dental market, we are increasing our full-year adjusted earnings guidance to the
range of $2.54 to $2.62 per diluted share from $2.50 to $2.60 per share,
previously."
Additional Information
A conference call is scheduled to begin today at 8:30 a.m. (Eastern Time) with a
live webcast to discuss these financial results. Supplemental materials for
reference during the call will be available for download in the investor
relations section of DENTSPLY's web site, at www.dentsply.com.
Investors can access the webcast via a link on DENTSPLY's web site at
www.dentsply.com. For those planning to participate on the call, please dial
(800) 894-5910 for domestic calls, or (785) 424-1052 for international calls.
The Conference ID # is 7126256. Members of management speaking on the call will
include Bret Wise, DENTSPLY's Chairman and Chief Executive Officer, Chris Clark,
President and Chief Financial Officer, and Jim Mosch, Executive Vice President
and Chief Operating Officer.
A rebroadcast of the conference call will be available online at the DENTSPLY
web site, and a dial-in replay will be available for one week following the call
at (888) 203-1112 (for domestic calls) or (719) 457-0820 (for international
calls), Replay Passcode # 7126256.
DENTSPLY International Inc. is a leading manufacturer and distributor of dental
and other consumable medical device products. The Company believes it is the
world's largest manufacturer of consumable dental products for the professional
dental market. For over 115 years, DENTSPLY's commitment to innovation and
professional collaboration has enhanced its portfolio of branded consumables and
small equipment. Headquartered in the United States, the Company has global
operations with sales in more than 120 countries. Visit www.dentsply.com for
more information about DENTSPLY and its products.
This press release contains forward-looking information (within the meaning of
the Private Securities Litigation Reform Act of 1995) regarding future events or
the future financial performance of the Company that involve substantial risks
and uncertainties. Actual events or results may differ materially from those in
the projections or other forward-looking information set forth herein as a
result of certain risk factors. These risk factors include, without limitation;
the continued strength of dental and medical markets, the timing, success and
market reception for our new and existing products, uncertainty with respect to
governmental actions with respect to dental and medical products, outcome of
litigation and/or governmental enforcement actions, volatility in the capital
markets or changes in our credit ratings, continued support of our products by
influential dental and medical professionals, our ability to successfully
integrate acquisitions, risks associated with foreign currency exchange rates,
risks associated with our competitors' introduction of generic or private label
products, our ability to accurately predict dealer and customer inventory
levels, our ability to successfully realize the benefits of any cost reduction
or restructuring efforts, our ability to obtain a supply of certain finished
goods and raw materials from third parties and changes in the general economic
environment that could affect the business. Changes in such assumptions or
factors could produce significantly different results.
For additional information regarding the factors that may cause actual results
to differ materially from these forward-looking statements, please refer to the
Company's most recent Form 10-K and its subsequent periodic reports on Forms 10-
Q filed with the Securities and Exchange Commission.
Non-US GAAP Financial Measures
In addition to the results reported in accordance with US GAAP, the Company
provides adjusted net income attributable to DENTSPLY International and adjusted
earnings per diluted common share ("adjusted EPS"). The Company discloses
adjusted net income attributable to DENTSPLY International to allow investors to
evaluate the performance of the Company's operations exclusive of certain items
that impact the comparability of results from period to period and may not be
indicative of past or future performance of the normal operations of the Company
and certain large non-cash charges related to purchased intangible assets. The
Company believes that this information is helpful in understanding underlying
operating trends and cash flow generation.
Adjusted net income and adjusted EPS are important internal measures for the
Company. Senior management receives a monthly analysis of operating results
that includes adjusted net income and adjusted EPS and the performance of the
Company is measured on this basis along with other performance metrics.
The adjusted net income attributable to DENTSPLY International consists of net
income attributable to DENTSPLY International adjusted to exclude the net of tax
impact of the following:
(1) Business combination related costs. These adjustments include costs related
to integrating and consummating recently acquired businesses and costs, gains
and losses related to the disposal of businesses or product lines. These items
are irregular in timing and as such may not be indicative of past and future
performance of the Company and are therefore excluded to allow investors to
better understand underlying operating trends.
(2) Restructuring, restructuring program related costs and other costs. These
adjustments include costs related to the implementation of restructuring
initiatives as well as certain other costs. These costs can include, but are
not limited to, severance costs, facility closure costs, lease and contract
terminations costs, related professional service costs, duplicate facility and
labor costs associated with specific restructuring initiatives, as well as,
legal settlements and impairments of assets. These items are irregular in
timing, amount and impact to the Company's financial performance. As such,
these items may not be indicative of past and future performance of the Company
and are therefore excluded for the purpose of understanding underlying operating
trends.
(3) Amortization of purchased intangible assets. This adjustment excludes the
periodic amortization expense related to purchased intangible assets. Beginning
in 2011, the Company began recording large non-cash charges related to the
values attributed to purchased intangible assets. As such, amortization expense
has been excluded from adjusted net income attributed to DENTSPLY International
to allow investors to evaluate and understand operating trends excluding these
large non-cash charges.
(4) Credit risk and fair value adjustments. These adjustments include both the
cost and income impacts of adjustments in certain assets and liabilities
including the Company's pension obligations, that are recorded through net
income which are due solely to the changes in fair value and credit risk. These
items can be variable and driven more by market conditions than the Company's
operating performance. As such, these items may not be indicative of past and
future performance of the Company and therefore are excluded for comparability
purposes.
(5) Certain fair value adjustments related to an unconsolidated affiliated
company. This adjustment represents the fair value adjustment of the
unconsolidated affiliated company's convertible debt instrument held by the
Company. The affiliate is accounted for under the equity method of accounting.
The fair value adjustment is driven by open market pricing of the affiliate's
equity instruments, which has a high degree of variability and may not be
indicative of the operating performance of the affiliate or the Company.
(6) Income tax related adjustments. These adjustments include both income tax
expenses and income tax benefits that are representative of income tax
adjustments mostly related to prior periods, as well as the final settlement of
income tax audits, and discrete tax items resulting from the implementation of
restructuring initiatives. These adjustments are irregular in timing and amount
and may significantly impact the Company's operating performance. As such,
these items may not be indicative of past and future performance of the Company
and therefore are excluded for comparability purposes.
Adjusted earnings per diluted common share is calculated by dividing adjusted
net income attributable to DENTSPLY International by diluted weighted-average
common shares outstanding. Adjusted net income attributable to DENTSPLY
International and adjusted earnings per diluted common share are considered
measures not calculated in accordance with US GAAP, and therefore are non-US
GAAP measures. These non-US GAAP measures may differ from other companies.
Income tax related adjustments may include the impact to adjust the interim
effective income tax rate to the expected annual effective tax rate. The non-US
GAAP financial information should not be considered in isolation from, or as a
substitute for, measures of financial performance prepared in accordance with US
GAAP.
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
--------------------------- ------------------------------
2015 2014 2015 2014
------------- ------------- --------------- --------------
Net sales $ 698,006 $ 765,225 $ 1,354,326 $ 1,495,339
Net sales, excluding
precious metal content 674,698 730,898 1,306,245 1,420,080
Cost of products sold 298,345 340,756 581,297 676,665
------------- ------------- --------------- --------------
Gross profit 399,661 424,469 773,029 818,674
% of Net sales 57.3 % 55.5 % 57.1 % 54.7 %
% of Net sales,
excluding precious
metal content 59.2 % 58.1 % 59.2 % 57.6 %
Selling, general and
administrative
expenses 274,979 296,121 545,212 583,963
Restructuring and
other costs 38,881 1,242 44,307 2,035
------------- ------------- --------------- --------------
Operating income 85,801 127,106 183,510 232,676
% of Net sales 12.3 % 16.6 % 13.5 % 15.6 %
% of Net sales,
excluding precious
metal content 12.7 % 17.4 % 14.0 % 16.4 %
Net interest and other
expense 8,788 10,629 19,322 20,537
------------- ------------- --------------- --------------
Income before income
taxes 77,013 116,477 164,188 212,139
Provision for income
taxes 24,775 26,096 43,628 48,548
Equity in net loss of
unconsolidated
affiliated company (8,174 ) (367 ) (12,541 ) (657 )
------------- ------------- --------------- --------------
Net income 44,064 90,014 108,019 162,934
% of Net sales 6.3 % 11.8 % 8.0 % 10.9 %
% of Net sales,
excluding precious
metal content 6.5 % 12.3 % 8.3 % 11.5 %
Less: Net (loss)
income attributable to
noncontrolling
interests (35 ) 21 (42 ) 63
------------- ------------- --------------- --------------
Net income
attributable to
DENTSPLY International $ 44,099 $ 89,993 $ 108,061 $ 162,871
------------- ------------- --------------- --------------
% of Net sales 6.3 % 11.8 % 8.0 % 10.9 %
% of Net sales,
excluding precious
metal content 6.5 % 12.3 % 8.3 % 11.5 %
Earnings per common
share:
Basic $ 0.32 $ 0.63 $ 0.77 $ 1.15
Dilutive $ 0.31 $ 0.62 $ 0.76 $ 1.13
Cash dividends
declared per common
share $ 0.07250 $ 0.06625 $ 0.14500 $ 0.13250
Weighted average
common shares
outstanding:
Basic 139,813 141,790 140,054 141,921
Dilutive 142,262 144,164 142,521 144,288
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
June 30, December 31,
2015 2014
--------------- --------------
Assets
Current Assets:
Cash and cash equivalents $ 96,472 $ 151,639
Accounts and notes receivable-trade, net 447,500 426,606
Inventories, net 374,820 387,095
Prepaid expenses and other current assets 351,538 241,630
--------------- --------------
Total Current Assets 1,270,330 1,206,970
Property, plant and equipment, net 568,036 588,845
Identifiable intangible assets, net 616,669 670,840
Goodwill, net 1,998,608 2,089,339
Other noncurrent assets, net 43,113 90,465
--------------- --------------
Total Assets $ 4,496,756 $ 4,646,459
--------------- --------------
Liabilities and Equity
Current liabilities $ 612,973 $ 652,584
Long-term debt 1,077,779 1,150,084
Deferred income taxes 155,587 165,551
Other noncurrent liabilities 334,128 356,042
--------------- --------------
Total Liabilities 2,180,467 2,324,261
Total DENTSPLY International Equity 2,314,870 2,321,279
Noncontrolling interests 1,419 919
--------------- --------------
Total Equity 2,316,289 2,322,198
--------------- --------------
Total Liabilities and Equity $ 4,496,756 $ 4,646,459
--------------- --------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
SUPPLEMENTAL SUMMARY CASH FLOW INFORMATION
(In thousands)
(unaudited)
Six Months Ended
June 30,
2015 2014
------------- ------------
Net Cash Provided by Operating Activities $ 211,245 $ 220,245
------------- ------------
Net Cash Used in Investing Activities $ 22,979 $ 55,346
------------- ------------
Net Cash Used in Financing Activities $ 238,510 $ 173,445
------------- ------------
Depreciation $ 38,782 $ 42,235
------------- ------------
Amortization $ 21,846 $ 24,493
------------- ------------
Capital Expenditures $ 33,434 $ 48,831
------------- ------------
Cash Dividends Paid $ 19,640 $ 18,453
------------- ------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except percentages)
(unaudited)
Operating Income Summary:
The following tables present the reconciliation of reported US GAAP operating
income in total and on a percentage of net sales, excluding precious metal
content, to the non-US GAAP financial measures.
Three Months Ended June
30, 2015
Percentage of Net Sales,
Operating Income Excluding Precious Metal
(Loss) Content
--------------------- ---------------------------
Operating Income $ 85,801 12.7 %
Restructuring, Restructuring
Program Related Costs and Other
Costs 43,873 6.5 %
Amortization of Purchased
Intangible Assets 10,939 1.6 %
Credit Risk and Fair Value
Adjustments 2,006 0.3 %
--------------------- ---------------------------
Adjusted Non-US GAAP Operating
Income $ 142,619 21.1 %
--------------------- ---------------------------
Three Months Ended June
30, 2014
Percentage of Net Sales,
Operating Income Excluding Precious Metal
(Loss) Content
--------------------- ---------------------------
Operating Income $ 127,106 17.4 %
Amortization of Purchased
Intangible Assets 11,961 1.6 %
Restructuring, Restructuring
Program Related Costs and Other
Costs 1,280 0.2 %
Business Combination Related
Costs 618 0.1 %
--------------------- ---------------------------
Adjusted Non-US GAAP Operating
Income 140,965 19.3 %
--------------------- ---------------------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except percentages)
(unaudited)
Operating Income Summary:
The following tables present the reconciliation of reported US GAAP operating
income in total and on a percentage of net sales, excluding precious metal
content, to the non-US GAAP financial measures.
Six Months Ended June 30, 2015
Percentage of Net Sales,
Operating Income Excluding Precious Metal
(Loss) Content
--------------------- ---------------------------
Operating Income $ 183,510 14.0 %
Restructuring, Restructuring
Program Related Costs and Other
Costs 50,313 3.8 %
Amortization of Purchased
Intangible Assets 21,845 1.7 %
Credit Risk and Fair Value
Adjustments 4,031 0.3 %
Business Combination Related
Costs 788 0.1 %
--------------------- ---------------------------
Adjusted Non-US GAAP Operating
Income $ 260,487 19.9 %
--------------------- ---------------------------
Six Months Ended June 30, 2014
Percentage of Net Sales,
Operating Income Excluding Precious Metal
(Loss) Content
--------------------- ---------------------------
Operating Income $ 232,676 16.4 %
Amortization of Purchased
Intangible Assets 24,536 1.7 %
Business Combination Related
Costs 3,553 0.2 %
Restructuring, Restructuring
Program Related Costs and Other
Costs 2,189 0.2 %
--------------------- ---------------------------
Adjusted Non-US GAAP Operating
Income 262,954 18.5 %
--------------------- ---------------------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except per share amounts)
(unaudited)
Earnings Summary:
The following tables present the reconciliation of reported US GAAP net income
attributable to DENTSPLY International and on a per common share basis to the
non-US GAAP financial measures.
Three Months Ended June 30, 2015
Net Per Diluted
Income Common Share
------------- ------------------------------
Net Income Attributable to DENTSPLY
International $ 44,099 $ 0.31
Restructuring, Restructuring Program
Related Costs and Other Costs, Net
of Tax 36,946 0.26
Certain Fair Value Adjustments
Related to an Unconsolidated
Affiliated Company, Net of Tax 8,288 0.06
Amortization of Purchased Intangible
Assets, Net of Tax 7,644 0.05
Income Tax Related Adjustments 5,037 0.04
Credit Risk and Fair Value
Adjustments, Net of Tax 1,304 0.01
------------- ------------------------------
Adjusted non-US GAAP earnings $ 103,318 $ 0.73
------------- ------------------------------
Three Months Ended June 30, 2014
Net Per Diluted
Income Common Share
------------- ------------------------------
Net Income Attributable to DENTSPLY
International $ 89,993 $ 0.62
Amortization of Purchased Intangible
Assets, Net of Tax 8,319 0.06
Income Tax Related Adjustments 1,045 0.01
Restructuring, Restructuring Program
Related Costs and Other Costs, Net
of Tax 943 0.01
Business Combination Related Costs 380 -
Credit Risk and Fair Value
Adjustments, Net of Tax (177 ) -
Certain Fair Value Adjustments
Related to an Unconsolidated
Affiliated Company, Net of Tax (832 ) (0.01 )
------------- ------------------------------
Adjusted non-US GAAP earnings $ 99,671 $ 0.69
------------- ------------------------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except per share amounts)
(unaudited)
Earnings Summary:
The following tables present the reconciliation of reported US GAAP net income
attributable to DENTSPLY International and on a per common share basis to the
non-US GAAP financial measures.
Six Months Ended June 30, 2015
Net Per Diluted
Income Common Share
------------- ------------------------------
Net Income Attributable to DENTSPLY
International $ 108,061 $ 0.76
Restructuring, Restructuring Program
Related Costs and Other Costs, Net
of Tax 41,406 0.29
Amortization of Purchased Intangible
Assets, Net of Tax 15,257 0.11
Certain Fair Value Adjustments
Related to an Unconsolidated
Affiliated Company, Net of Tax 12,875 0.09
Income Tax Related Adjustments 5,473 0.04
Credit Risk and Fair Value
Adjustments, Net of Tax 3,280 0.02
Business Combination Related Costs,
Net of Tax 599 -
------------- ------------------------------
Adjusted Non-US GAAP Net Income
Attributable to DENTSPLY
International $ 186,951 $ 1.31
------------- ------------------------------
Six Months Ended June 30, 2014
Net Per Diluted
Income Common Share
------------- ------------------------------
Net Income Attributable to DENTSPLY
International $ 162,871 $ 1.13
Amortization of Purchased Intangible
Assets, Net of Tax 17,231 0.12
Income Tax Related Adjustments 2,942 0.02
Business Combination Related Costs,
Net of Tax 2,346 0.02
Restructuring, Restructuring Program
Related Costs and Other Costs, Net
of Tax 1,588 0.01
Credit Risk and Fair Value
Adjustments, Net of Tax (801 ) (0.01 )
Certain Fair Value Adjustments
Related to an Unconsolidated
Affiliated Company, Net of Tax (1,035 ) (0.01 )
------------- ------------------------------
Adjusted Non-US GAAP Net Income
Attributable to DENTSPLY
International $ 185,142 $ 1.28
------------- ------------------------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except percentages)
(unaudited)
Operating Tax Rate
Summary:
The following tables present the reconciliation of reported US GAAP
effective tax rate as a percentage of income before income taxes to the
non-US GAAP financial measure.
Three Months Ended June
30, 2015
Pre-tax Income Tax Benefit Percentage of Pre-
Income (Expense) Tax Income
------------- ---------------------- -------------------
As Reported - US GAAP
Operating Results $ 77,013 $ (24,775) 32.2 %
Restructuring,
Restructuring Program
Related Costs and Other
Costs 43,873 (6,927)
Amortization of
Purchased Intangible
Assets 10,939 (3,295)
Credit Risk and Fair
Value Adjustments 1,815 (511)
Certain Fair Value
Adjustments Related to
an Unconsolidated
Affiliated Company (102 ) 31
Income Tax Related
Adjustments - 5,037
------------- ----------------------
As Adjusted - Non-US
GAAP Operating Results $ 133,538 $ (30,440) 22.8 %
------------- ----------------------
Three Months Ended June
30, 2014
Pre-tax Income Tax Benefit Percentage of Pre-
Income (Expense) Tax Income
------------- ---------------------- -------------------
As Reported - US GAAP
Operating Results $ 116,477 $ (26,096 ) 22.4 %
Amortization of
Purchased Intangible
Assets 11,961 (3,642 )
Business Combination
Related Costs 1,280 (337 )
Restructuring,
Restructuring Program
Related Costs and Other
Costs 618 (238 )
Credit Risk and Fair
Value Adjustments (90 ) 28
Certain Fair Value
Adjustments Related to
an Unconsolidated
Affiliated Company (288 ) 111
Income Tax Related
Adjustments $ - 1,045
------------- ----------------------
As Adjusted - Non-US
GAAP Operating Results $ 129,958 $ (29,129 ) 22.4 %
------------- ----------------------
DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES
(In thousands, except percentages)
(unaudited)
Operating Tax Rate
Summary:
The following tables present the reconciliation of reported US GAAP effective
tax rate as a percentage of income before income taxes to the non-US GAAP
financial measure.
Six Months Ended June
30, 2015
Pre-tax Income Tax Benefit Percentage of Pre-
Income (Expense) Tax Income
------------- ----------------------- -------------------
As Reported - US GAAP
Operating Results $ 164,188 $ (43,628) 26.6 %
Restructuring,
Restructuring Program
Related Costs and Other
Costs 50,313 (8,907)
Amortization of
Purchased Intangible
Assets 21,845 (6,588)
Credit Risk and Fair
Value Adjustments 4,712 (1,432)
Business Combination
Related Costs 788 (189)
Certain Fair Value
Adjustments Related to
an Unconsolidated
Affiliated Company (107 ) 33
Income Tax Related
Adjustments - 5,473
------------- -----------------------
As Adjusted - Non-US
GAAP Operating Results $ 241,739 $ (55,238) 22.9 %
------------- -----------------------
Six Months Ended June
30, 2014
Pre-tax Income Tax Benefit Percentage of Pre-
Income (Expense) Tax Income
------------- ----------------------- -------------------
As Reported - US GAAP
Operating Results $ 212,139 $ (48,548 ) 22.9 %
Amortization of
Purchased Intangible
Assets 24,536 (7,305 )
Business Combination
Related Costs 3,553 (1,207 )
Restructuring,
Restructuring Program
Related Costs and Other
Costs 2,189 (601 )
Certain Fair Value
Adjustments related to
and Unconsolidated
Affiliated Company 138 (42 )
Credit Risk and Fair
Value Adjustments (1,306 ) 505
Income Tax Related
Adjustments - 2,942
------------- -----------------------
As Adjusted - Non-US
GAAP Operating Results $ 241,249 $ (54,256 ) 22.5 %
------------- -----------------------
For further information contact:
Derek Leckow
Vice President
Investor Relations
(717) 849-7863
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DENTSPLY International Inc. via GlobeNewswire
[HUG#1942345]
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Datum: 30.07.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 410434
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contact information:
Town:
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Kategorie:
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