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Donegal, National Penn, Oshkosh earnings up; Dentsply reports decline

- Last modified: October 26, 2012 at 11:57 AM

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Several firms either based in or with ties to the midstate and reporting results have, for the most part, recorded higher earnings for their most recently completed quarters, according to company statements.

Lancaster County-based Donegal Group Inc. reported today net income in the third quarter of about $6.8 million, or 27 cents per diluted Class A share, compared with $820,000, or 3 cents per diluted Class A share, in the year-ago period.

Donegal's results were buoyed by less severe weather, lower claims frequency in several casualty lines of business and increased premium revenue, according to company statements.

Shares of the insurance holding company, which is based in East Donegal Township, are traded on the Nasdaq under the ticker symbols DGICA and DGICB.

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National Penn Bancshares Inc. reported today net income available to common shareholders in the third quarter of about $26 million, or 17 cents per diluted share, compared with about $24.8 million, or 16 cents per diluted share, in the year-ago period.

The company is the parent of National Penn Bank, with midstate branches, and shares are traded on the Nasdaq under the ticker symbol NPBC.

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York-based Dentsply International Inc. reported Thursday net income attributable to the company in the third quarter of about $53.4 million, or 37 cents per diluted common share, compared with about $60.6 million, or 42 cents per diluted common share, in the year-ago period.

Shares of the dental products company are traded on the Nasdaq under the ticker symbol XRAY.

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Wisconsin-based Oshkosh Corp. today reported net income attributable to the company for the fourth quarter of its fiscal 2012 of $78.9 million, or 86 cents per diluted share, compared with $37.5 million, or 41 cents per diluted share, for the year-ago period.

The company also said today that its board of directors has unanimously determined that an "unsolicited, highly conditional and opportunistic tender offer" from Carl Icahn for any and all outstanding common shares should be rejected by shareholders, according to a release.

The company has a midstate presence through Fulton County-based subsidiary JLG Industries Inc. Shares of Oshkosh are traded on the New York Stock Exchange under the ticker symbol OSK.

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