Shares of Orange-based Sybron Dental Specialties Inc. jumped 10% on Tuesday, a day after the company reported better-than-expected quarterly results.
Sybron posted a profit of $20.7 million in the quarter ended June 30, up 25% from a year earlier. The dental products maker’s quarterly sales were $165.2 million, 13.5% higher than a year ago.
Analysts had expected Sybron to post an $18.4 million profit in the quarter.
Chief Executive Floyd Pickrell Jr. called the quarter “very balanced,” and said Sybron picked up “strong contributions from all major areas of the company.”
In particular, Pickrell said the company is seeing strong interest from some of its newer dental devices, such as the Damon 3 tooth brace system and Maxcem self-adhesive dental cement.
Sybron, which plans to move its headquarters to Newport Beach, also said it expects to post a profit of $18 million to $20 million in the September quarter on sales of $161 million to $166 million.
Shares of Sybron were at $40 in trading Tuesday, giving the company a market value of $1.6 billion.
