Sybron Dental Specialties Inc. raised expectations for 2005, but didn’t get a big bump on Wall Street on Tuesday.
The Orange-based maker of braces and other dental products said late Monday that it expects revenue of $630 million to $640 million this year, up from a prior forecast of $620 million to $630 million. Net income is expected to be $1.70 to $1.78 per share, in-line with a previous estimate.
Shares of Sybron were off 1% at $36.7 on Tuesday.
For the quarter ended March 31, Sybron reported net income of $19.4 million, up 11% from a year earlier. Sybron’s sales were up 9.4% to $165.1 million.
Chief Executive Floyd Pickrell Jr. said the quarter showed a continuation of “positive trends,” in a release. The company has seen strong sales of its new Damon 3 braces as well as self-adhesive dental cements and composites.
Newly launched dental products, according to Pickrell, generated more than $7 million in revenue for Sybron during its past two quarters.
