Dentsply reports record performance in Q3 2012

Dentsply has published its financial report for the third quarter of 2012, highlighting a record performance during the three months.

The company's net sales for the period came to $695.7 million (431.94 million pounds), up by 12.3 percent year over year, with income and earnings also experiencing increases during the quarter.

According to Dentsply, the dental market is remaining relatively stable despite the global economic downturn, allowing it to increase its financial forecasts for the full year.

The firm's adjusted earnings expectations have been revised upwards to a range of $2.19 to $2.24 from the prior range of $2.18 to $2.24.

Bret Wise, chairman and chief executive officer at Dentsply, said: "We are pleased with our internal growth rate and margin improvement for the third quarter and believe that our business overall continues to outperform the dental market."

This builds on the encouraging performance demonstrated by the firm in the second quarter of 2012, during which it generated revenues of $763 million.