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Mar 31, 2020
Dentsply Sirona Q1 2020 Earnings Report
Dentsply Sirona's financial performance was impacted by the COVID-19 pandemic, resulting in lower sales and profitability.
Key Takeaways
Dentsply Sirona reported a decrease in net sales and a significant operating loss for Q1 2020, primarily due to the impact of the COVID-19 pandemic. While the beginning of the quarter showed solid revenue growth, the pandemic led to reduced demand and a goodwill impairment charge. The company is focusing on cost containment and strategic initiatives to navigate the disruption.
Net sales decreased by 7.6% to $874.3 million, with organic sales declining by 4.3%.
Reported operating loss was $124.8 million, with a negative operating margin of 14.3%.
Non-GAAP EPS was $0.43, compared to a loss of $0.63 on a reported basis.
The company had available liquidity of approximately $1.3 billion.
Forward Guidance
Due to the uncertainty surrounding the COVID-19 pandemic and its impact on the business, the Company previously withdrew its 2020 guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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