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National Dentex Corporation Announces Sales and Earnings for the Third Quarter 2009.


NATICK, Mass. -- National Dentex Den´tex

n. 1. (Zool.) An edible European marine fish (Sparus dentex, or Dentex vulgaris) of the family Percidæ.
 Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: NADX), one of the largest owner/operators of dental laboratories in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , today announced sales and earnings for the three and nine months ended September 30, 2009. Sales for the third quarter of 2009 totaled $39,006,000, a decline of 7.8%, as compared to sales of $42,302,000 for the third quarter of 2008. Net income for the third quarter of 2009 rose 33.8% to $1,059,000, or $.18 per share on a diluted basis, as compared to $791,000, or $.14 per share on a diluted basis, for the third quarter of 2008.

For the nine months ended September 30, 2009, sales were $123,021,000 compared to $130,411,000 for the same period in 2009, a decrease of 5.7%. Net income for the nine-month period increased 23.6% to $5,448,000, or $0.95 per diluted share, from $4,409,000, or $.78 per share on a diluted basis, for the same period in 2008.

David Brown David Brown may refer to any of the following people:
  • David Darnell Brown, an American rapper who goes by the name Young Buck, signed to G-Unit Records.
  • David McDowell Brown (1956–2003), American astronaut
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  commented: "The increases in our third quarter and nine months net income reflect the successful effort of our cost containment cost containment,
n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan.
 initiatives put in place throughout the year. We continue to feel the effects of the industry-wide slowdown in revenues brought on by a decline in discretionary consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. . However, we believe that as the economy begins to recover we have better positioned ourselves to take advantage of the expected increase in the demand for dental services, as patients who have deferred these services no longer do so. During the first three quarters of 2009, we have generated a significant increase in cash flow. As a result, we have reduced our interest bearing debt by over $14 million and consequently strengthened our balance sheet. We believe these results show that we are managing our costs well in this recessionary economic environment as we sharpen our focus on executing strategies fundamental to longer term opportunities."

Mr. Brown further stated: "Our management team continues to work on identifying potential acquisition candidates as we remain firmly committed to our program of acquiring accretive laboratories as a means of creating value for our shareholders."

About National Dentex

National Dentex Corporation serves an active customer base of over 24,000 dentists through 44 dental laboratories located in 30 states and one Canadian province. National Dentex's dental laboratories provide a full range of custom-made dental prosthetic prosĀ·thetĀ·ic
adj.
1. Serving as or relating to a prosthesis.

2. Of or relating to prosthetics.



prosthetic

serving as a substitute; pertaining to prostheses or to prosthetics.
 appliances, including dentures, crowns, and fixed bridges, and other dental specialties.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

This press release contains forward-looking statements within the meaning of the federal securities laws, including but not limited to statements regarding our future sales revenues, profitability, expectations regarding market share and cost savings, strategic initiatives and expected courses of action, that are based on our current expectations, beliefs, assumptions, estimates, forecasts and projections about the industry and markets in which National Dentex operates. The forward-looking statements contained in this release are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Important factors that may affect future operating results and acquisition activity include the timing, duration and effects of adverse changes in overall economic conditions and other developments that directly or indirectly affect consumer decisions as to whether and when to have dental procedures performed, including the current economic slowdown and credit market disruptions; National Dentex's ability to acquire new laboratories on terms and conditions acceptable to it and its capacity to integrate and successfully operate previously acquired laboratories; governmental regulation of health care; trends in the dental industry towards managed care; increases in labor, benefits and material costs; product development risks; technological innovations; competition from other dental laboratories, including increased competition from dental laboratories located in foreign countries with lower labor and benefit costs, such as China; National Dentex's ability to attract, retain and motivate qualified personnel; changes in the cost or availability of raw materials, particularly precious metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 like gold, platinum and palladium; any impairment in the carrying value Carrying Value

Also know as "book value," it is a company's total assets minus intangible assets and liabilities, such as debt.

Notes:
This is different than market value, as it can be higher or lower depending on the circumstances.
 of goodwill or other acquired intangibles; National Dentex's ability to access the credit markets on commercially reasonable terms; compliance with evolving federal securities, accounting, and marketplace rules and regulations applicable to publicly-traded companies on the NASDAQ Global Market; and other risks indicated from time to time in National Dentex's filings with the Securities and Exchange Commission, particularly under Item 1A, "Risk Factors" of National Dentex's most recently filed Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and subsequently filed Quarterly Reports on Form 10-Q Form 10-Q

See 10-Q.
. National Dentex assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
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Publication:Business Wire
Article Type:Financial report
Geographic Code:1U1MA
Date:Nov 5, 2009
Words:795
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