Dentsply, Exelon, NiSource announce second-quarter earnings
Dentsply International Inc. reported steady growth in the second quarter, despite slow markets in North America and Europe.
The company is one of three with operations in the midstate to announce second-quarter earnings today.
Dentsply, which has offices in downtown York, reported second-quarter net income attributable to the company of $90 million, or 62 cents per diluted share, compared to $87 million, or 60 cents per diluted sharein the second quarter of 2013.
Net sales in the second quarter of 2014 of $765 million increased 0.6 percent from $761 million in the second quarter of 2013. Net sales, excluding precious metals content, of $731 million increased 2.1 percent from $716 million in the second quarter of 2013.
“We continue to make progress on our earnings goals while operating in a slow market in both North America and Europe," CEO Bret Wise said. "We are pleased with our first half earnings performance and remain focused on our growth and efficiency initiatives designed to improve long-term earnings potential. We are confirming our outlook for the full year of adjusted earnings per diluted share of $2.47 to $2.55.”
Indiana-based NiSource Inc., the parent of Columbia Gas of Pennsylvania, reported net operating earnings from continuing operations of $77.9 million, or 25 cents per share, for the quarter, compared with $72.8 million, or 23 cents per share, for the same period in 2013. Operating earnings for the second quarter were $219.1 million, compared to $194.7 million in the year-ago period.
Operating income for the second quarter was $219.6 million, compared to $194.0 million in the year-ago period.
"The NiSource team continues its solid execution of our infrastructure investment-driven business plan," said President and Chief Executive Officer Robert C. Skaggs, Jr. "During the second quarter, our system modernization and growth projects continued to progress along with a broad and steadily increasing inventory of new pipeline projects. With this strong and sustainable level of performance, we now expect to deliver net operating earnings from continuing operations at the upper half of our $1.61 to $1.71 per share 2014 guidance range."
Shares of NiSource are traded on the New York Stock Exchange under the ticker symbol NI.
Exelon Corp. reported declining revenues during the second quarter of 2014, according to a company news release.
For the quarter ended June 30, Exelon reported a profit of $522 million, or 60 cents a share, compared with a profit of $490 million, or 57 cents a share, a year earlier.
Exelon has been in an acquisition mode recently, with a pending deal to acquire Integrys Energy Services Inc. for $60 million announced Wednesday. The company closed a $6.8 billion deal in April to buy Pepco Holdings Inc.
Adjusted earnings slipped to 51 cents from 53 cents. Revenue was down 1.9 percent to $6.02 billion. Thomson Reuters' analysts had forecast earnings of 50 cents a share and revenue of $5.64 billion.