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Earnings update: Dentsply, Harsco beat Q1 estimates

York-based Dentsply International Inc. and Wormleysburg-based Harsco Corp. each beat analyst estimates as they reported first-quarter earnings today.

Harsco

Harsco, a worldwide industrial services company, reported net income of $15.3 million, or 20 cents per diluted share, compared with $10.2 million, or 13 cents per diluted share, in the first quarter of 2014.

Analysts expected 10 cents per diluted share, according to Yahoo Finance.

CEO F. Nicholas Grasberger III cited continued strength of rail and success in effectively managing through ongoing energy market challenges in industry as one factor for the strong quarter.

However, Harsco reduced its outlook on operating income this year to $145 million to $160 million. Macroeconomic changes in foreign exchange rates and commodity demand were listed as the primary reasons for reduction.

The previous range was $155 million to $170 million.

Harsco shares are traded on the New York Stock Exchange under the ticker symbol HSC.

Dentsply

Dental products maker Dentsply reported net income of $64 million, or 59 cents per diluted share on an adjusted basis, in the first quarter.

Dentsply reported net income of $72.9 million in the first quarter of 2014 at 59 cents per diluted share.

Analysts expected 57 cents per diluted share, according to Yahoo Finance.

The company overcame some weakness in Europe and the substantial currency exchange headwind in the first quarter, said CEO Bret Wise.

Dentsply shares are traded on the NASDAQ under the ticker symbol XRAY.

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