Young Innovations reported 2010 third-quarter sales of $26.4 million, an increase of 6.5% over the third quarter of 2009.
For the period (end-September 30), net income increased 12.8% to $3.9 million, up from $3.5 million in the same quarter a year ago.
The company's diagnostic product line continued to strengthen during the third quarter as sales increased for the second consecutive quarter, the company said in a press release. Demand for consumables products also remained strong, posting solid increases over the prior-year quarter.
The company also announced that on October 19, 2010, the board of directors declared a quarterly dividend of $0.04 per share, payable by the company on December 15, 2010, to all shareholders of record on November 15, 2010.
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