Sirona (NSDQ:SIRO) shares regained the 1.7% lost Friday after the dental devices maker reported a nearly 10% profit slide for its fiscal 2012 1st quarter.
The Long Island City, N.Y.-based firm reported profits of $38.3 million, or 67 cents per diluted share, on sales of $258.1 million during the 3 months ended Dec. 31, 2011.
That’s a top-line gain of 9.5% compared with profits of $42.4 million, or 75 cents diluted EPS, on sales of $235.6 million during Q1 2011.
The profit slide was largely due to lower gross profit margins. Gross profit was $138.8 million, or 53.8%, compared to 55.3% for Q1 2011, "mainly impacted by product mix."
"The imaging segment led our growth, up 24% constant currency, with continued strong sales of 2D and 3D imaging systems. Revenue growth was particularly strong in the Asia Pacific region, driven by our innovative product line and our expanded presence in these markets," chairman & CEO Jost Fischer said in prepared remarks.
Sirona said it expects FY2012 sales growth "at the upper end" of 6% to 8%.
The Eden Prairie, Minn.-based coatings company posted profits of $2.7 million, or 15 cents per diluted share, on sales of $11.9 million for the 3 months ended Dec. 31, 2011.
That compares with losses of $6.2 million, or 35 cents per diluted share, on sales of $12.5 million during the same period in 2010. Read more