Dentsply Sirona Q1 2024 Earnings Report
Key Takeaways
Dentsply Sirona reported a decrease in net sales and organic sales for Q1 2024. While GAAP EPS was $0.09, adjusted EPS reached $0.42. The company is maintaining its FY24 outlook but expects to trend towards the lower end of the range.
Net sales decreased by 2.6%, with organic sales down by 1.9%.
GAAP net income was $18 million, resulting in earnings per share of $0.09.
Adjusted EPS was $0.42, compared to $0.39 in the first quarter of 2023.
The company is maintaining its full-year outlook but expects to trend towards the low end of both organic sales and adjusted EPS ranges.
Dentsply Sirona
Dentsply Sirona
Dentsply Sirona Revenue by Segment
Dentsply Sirona Revenue by Geographic Location
Forward Guidance
The company is maintaining its 2024 outlook for organic sales growth in the range of flat to up 1.5%, and adjusted EPS in the range of $2.00 to $2.10. Based on its latest view of the macroeconomic environment, the Company believes adjusted EPS and organic sales are trending towards the low-end of both ranges. The Company is revising its anticipated reported sales to a new range of $3.91 billion to $3.97 billion, due to an additional estimated foreign currency translation headwind of $50 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income