FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------------------------- CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report March 1, 2004 (Date of earliest event reported) DENTSPLY INTERNATIONAL INC (Exact name of Company as specified in charter) Delaware 0-16211 39-1434669 (State of Incorporation) (Commission (IRS Employer File Number) Identification No.) 221 West Philadelphia Street, York, Pennsylvania 17405 (Address of principal executive offices) (Zip Code) (717) 845-7511 (Company's telephone number including area code)Item 5. - Other Events In December 2003 the Company announced that it had entered into an agreement to sell its Gendex equipment business which is expected to close in the first quarter of 2004. The Company also announced to the customers impacted that it is discontinuing production of its dental needle line at the end of the first quarter of 2004. Accordingly, beginning in the fourth quarter of 2003 these businesses have been treated as discontinued operations and their results of operations were reported separately from continuing operations for all periods presented. In order to provide additional information regarding its continuing operations and the impact of discontinued operations, the Company is also furnishing a summary of its results of operations reclassified to show the impact of the Gendex equipment business and the dental needle line as discontinued operations for each of the quarters in the years 2003 and 2002. This summary is attached hereto as Exhibit 99.1 and is hereby incorporated by reference. Item 7. - Financial Statements and Exhibits (a) Financial Statements - Not applicable. (b) Exhibits: 99.1 Summary of the Company's quarterly results operation for the fiscal years 2003 and 2002, related to its continuing and discontinued operations, as referenced in Item 5.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DENTSPLY INTERNATIONAL INC (Company) /s/Bret W. Wise Bret W. Wise Senior Vice President and Chief Financial Officer Date: March 1, 2004
Dentsply International Inc. Quarterly Financial Information (Unaudited) First Second Third Fourth Total Quarter Quarter Quarter Quarter Year (in thousands, except per share amounts) 2003 Net sales from continuing operations $ 371,236 $ 394,478 $ 375,503 $ 429,708 $ 1,570,925 Gross profit from continuing operations 182,762 198,075 183,801 208,563 773,201 Operating income from continuing operations 60,524 69,840 63,781 73,838 267,983 Net income from continuing operations 37,439 43,450 40,287 48,677 169,853 Net income from discontinued operations 828 768 1,027 1,707 4,330 Net income $ 38,267 $ 44,218 $ 41,314 $ 50,384 $ 174,183 Earnings per common share - basic Continuing operations $ 0.48 $ 0.55 $ 0.51 $ 0.62 $ 2.16 Discontinued operations 0.01 0.01 0.01 0.02 0.05 Total earnings per common share $ 0.49 $ 0.56 $ 0.52 $ 0.64 $ 2.21 Earnings per common share - diluted Continuing operations $ 0.47 $ 0.54 $ 0.50 $ 0.60 $ 2.11 Discontinued operations 0.01 0.01 0.01 0.02 0.05 Total earnings per common share $ 0.48 $ 0.55 $ 0.51 $ 0.62 $ 2.16 Cash dividends declared per common share $ 0.046 $ 0.046 $ 0.0525 $ 0.0525 $ 0.197 2002 Net sales from continuing operations $ 331,650 $ 361,601 $ 340,301 $ 384,048 $ 1,417,600 Gross profit from continuing operations 163,169 178,654 171,239 191,349 704,411 Operating income from continuing operations 55,715 62,945 59,539 71,253 249,452 Net income from continuing operations 32,148 35,810 34,900 40,783 143,641 Net income from discontinued operations 948 1,010 866 1,487 4,311 Net income $ 33,096 $ 36,820 $ 35,766 $ 42,270 $ 147,952 Earnings per common share - basic Continuing operations $ 0.41 $ 0.46 $ 0.45 $ 0.52 $ 1.84 Discontinued operations 0.01 0.01 0.01 0.02 0.05 Total earnings per common share $ 0.42 $ 0.47 $ 0.46 $ 0.54 $ 1.89 Earnings per common share - diluted Continuing operations $ 0.40 $ 0.45 $ 0.44 $ 0.51 $ 1.80 Discontinued operations 0.01 0.01 0.01 0.02 0.05 Total earnings per common share $ 0.41 $ 0.46 $ 0.45 $ 0.53 $ 1.85 Cash dividends declared per common share $ 0.046 $ 0.046 $ 0.046 $ 0.046 $ 0.184