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Mar 31, 2023
Dentsply Sirona Q1 2023 Earnings Report
Dentsply Sirona's first quarter results for 2023 were announced, revealing a slight increase in net sales and organic sales growth, but a GAAP net loss. The company raised the low-end of its FY23 outlook for net sales and adjusted EPS.
Key Takeaways
Dentsply Sirona reported a 0.9% increase in net sales to $978 million for Q1 2023, with organic sales up 5.1%. However, the company experienced a GAAP net loss of $19 million, or ($0.09) per share. Despite the loss, Dentsply Sirona is raising the low-end of its full-year outlook for net sales and adjusted EPS.
Net sales increased 0.9% to $978 million, with organic sales increasing 5.1%.
GAAP net loss was ($19) million, resulting in a GAAP loss per share of ($0.09).
Adjusted EPS was reported at $0.39.
The company is raising the low-end of its FY23 net sales and adjusted EPS outlook.
Forward Guidance
Based on better-than-expected Q1 results, the company is raising the low-end of its 2023 net sales outlook to a range of $3.90 billion to $3.95 billion and expects flat to up 2% organic sales growth. The company is also raising the low-end of its adjusted EPS range to $1.85 to $2.00.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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