Align Technology reports strong second-quarter results
31 July 2012 17:12 in Dental Supplier News
Align Technology has seen another strong quarterly performance during the three months ending on June 30th 2012.
The company's net revenues for the second quarter of the year came to $145.6 million (92.92 million pounds), up from $135.1 million in the first quarter and higher than the $120.1 million figure generated in Q2 2011.
Its leading Invisalign portfolio experienced growth across all products and customer channels, while its scanner business continued to exceed expectations in North America.
The company predicts another strong performance during the third quarter, with sales expected to rise within the range of $136.8 million to $140.8 million.
Thomas Prescott, Align's president and chief executive officer, said: "The second quarter was another great one for Align and I'm pleased to report strong results for revenue, operating margin and earnings per share - all better than our outlook."
Align is continuing to build on a record-breaking annual financial performance for 2011, during which it saw its sales capabilities enhanced by the acquisition of Cadent Holdings.
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