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Jun 30, 2023
Dentsply Sirona Q2 2023 Earnings Report
Net sales and organic sales increased, GAAP net income and EPS increased, and adjusted EPS decreased.
Key Takeaways
Dentsply Sirona reported a slight increase in net sales, driven by organic growth across all segments. The company raised its full-year outlook for net sales, organic sales growth, and adjusted EPS.
Net sales increased 0.5% to $1,028 million, with organic sales up 2.3%.
GAAP net income was $86 million, resulting in earnings per share of $0.40.
Adjusted EPS was $0.51, with an adjusted EBITDA margin of 17.7%.
The company is raising its full-year outlook for net sales to a range of $3.98 billion to $4.02 billion and organic sales growth to approximately 3% and adjusted EPS to a range of $1.92 to $2.02.
Forward Guidance
Dentsply Sirona raised the midpoint of its 2023 net sales outlook by $75 million to a new range of $3.98 billion to $4.02 billion, with anticipated organic sales growth of approximately 3%. The Company is also raising its adjusted EPS outlook to a new range of $1.92 to $2.02, which includes a $0.03 foreign currency translation headwind.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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