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Jun 30, 2024
Dentsply Sirona Q2 2024 Earnings Report
Dentsply Sirona's Q2 2024 results were impacted by lower demand in the Connected Technology Solutions segment, though growth was achieved in three of the four segments, and the company announced the second phase of its transformation.
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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