Key Developments For DENTSPLY International Inc.
DENTSPLY International Inc. (XRAY.O) (Nasdaq)
DENTSPLY International Inc. Narrows FY 2009 EPS Guidance To A Range In Line With Analysts' Estimates
DENTSPLY International Inc. tightened fiscal 2009 earnings guidance to $1.81 to $1.86 per diluted share, measured on a non-GAAP basis. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $1.86 for the same period.
DENTSPLY International Inc. Announces Adverse Decision In Contract Litigation Matter
DENTSPLY International Inc. announced that on October 9, in a case pending in the U.S. District Court in New Mexico between DENTSPLY and Guidance Endodontics (a small New Mexico-based company), a jury on a 6-3 vote, returned a verdict against DENTSPLY in the amount of approximately $4 million for compensatory and $40 million in punitive damages. The Company also stated that it believes this decision is clearly not supported by the facts in the case nor the applicable law and intends to vigorously pursue all available options to challenge it. The case centered on an alleged breach of contract under a 2008 agreement between DENTSPLY and Guidance Endodontics. Prior to trial, Guidance Endodontics had claimed that it had damages of approximately $1.2 million as a result of the alleged breach. DENTSPLY believes that it did not breach the contract nor act unlawfully in any manner, and that the award of punitive damages is completely unwarranted and contrary to applicable law. DENTSPLY believes that the decision should be overturned and will pursue post trial actions to that end.
DENTSPLY International Inc. Announces Cash Dividend
DENTSPLY International Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock, an indicated annual rate of $0.20 per share. The dividend is payable on January 9, 2010 to holders of record on December 29, 2009.
DENTSPLY International Inc. Confirms FY 2009 EPS Guidance
DENTSPLY International Inc. confirmed fiscal 2009 earnings per diluted share (EPS) guidance of $1.80-$1.90, on a non-GAAP basis. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.84 for the same period.
DENTSPLY International Inc. Announces Cash Dividend
DENTSPLY International Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, an indicated annual rate of $0.20 per share. The dividend is payable on October 6, 2009, to holders of record on September 25, 2009.
