Dentsply Sirona Q2 2021 Earnings Report
Key Takeaways
Dentsply Sirona reported a substantial increase in revenue and earnings for Q2 2021. Revenue increased by 117.3% to $1,067 million, and GAAP EPS increased to $0.45 compared to a loss of ($0.44) in 2020. The company reaffirmed its FY21 Non-GAAP EPS outlook of $2.75 to $2.90.
Revenue increased 117.3% to $1,067 million, with organic revenue up 104.6%.
GAAP EPS increased to $0.45, compared to a loss of ($0.44) in 2020.
Non-GAAP EPS increased to $0.71, compared to a loss of ($0.18) in 2020.
Operating cash flows increased to $214 million, compared to $175 million in 2020.
Dentsply Sirona
Dentsply Sirona
Forward Guidance
The company reaffirmed its fiscal year 2021 outlook, expecting revenues to be in the $4.1B to $4.3B range, up approximately 23-28% on a reported basis and 18-25% on an organic basis. The Non-GAAP EPS outlook for FY2021 is $2.75 to $2.90, and the company expects to be at the upper end of the range.
Positive Outlook
- Revenue expected to be in the $4.1B to $4.3B range.
- Revenue expected to increase approximately 23-28% on a reported basis.
- Revenue expected to increase 18-25% on an organic basis.
- Non-GAAP EPS outlook for FY2021 is $2.75 to $2.90.
- Company expects to be at the upper end of the Non-GAAP EPS range.