Dentsply Sirona Q2 2024 Earnings Report
Key Takeaways
Dentsply Sirona reported a decrease in net sales by 4.2% to $984 million, with a net loss of $4 million, or ($0.02) per share. Adjusted EPS was $0.49. The company is revising its full-year outlook to reflect lower expected sales and adjusted EPS. A second phase of transformation is expected to reduce annualized operating expenses by $80 to $100 million over approximately 12 to 18 months.
Net sales decreased by 4.2% to $984 million, with organic sales decreasing by 2.3%.
GAAP net loss was ($4) million, or ($0.02) per share.
Adjusted EPS was $0.49.
The company repurchased $150 million of its common stock in Q2 2024 and expects to repurchase $100 million in Q3 2024.
Dentsply Sirona
Dentsply Sirona
Forward Guidance
The company revised its 2024 outlook and expects net sales in the range of $3.86 billion to $3.90 billion, down (1%) to flat on an organic basis. Adjusted EPS is expected to be in the range of $1.96 to $2.02, up 7% to 10% year-over-year.