Dentsply, NiSource report 2013 earnings
The parent company of a local gas utility and a York-based dental products company today reported fourth-quarter and year-end earnings for 2013.
Indiana-based NiSource Inc., the parent of Columbia Gas of Pennsylvania, reported net operating earnings from continuing operations of $493.9 million, or $1.58 per share, for 2013, compared with net operating earnings of $425.8 million, or $1.46 per share, in 2012.
For the fourth quarter, the company reported net operating earnings of $148.7 million, or 47 cents per share, compared with $135.7 million, or 44 cents per share for the same period in 2012.
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Dentsply International Inc. reported fourth-quarter net income attributable to the company of $74.4 million, or 51 cents per diluted share, compared with $126.8 million, or 88 cents per diluted share, in the final quarter of 2012.
For the year, Dentsply reported net income of $313.2 million, or $2.16 per diluted share, compared with $314.2 million, or $2.18 per diluted share, in 2012.
CEO Bret Wise said the company sees opportunities to continue to drive market share growth across its global portfolio by “leveraging our core strategies of innovation, clinical education and sales force effectiveness.”
Dentsply is expecting market conditions to improve slightly this year. The company is projecting earnings growth in the range of 4 percent to 9 percent, Wise said.