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Sep 30, 2020
Dentsply Sirona Q3 2020 Earnings Report
Dentsply Sirona's financial performance reflected a recovery in global dental markets and the impact of strategic changes.
Key Takeaways
Dentsply Sirona reported a decrease in net sales and GAAP EPS, but an increase in non-GAAP operating income and non-GAAP EPS. Net sales were $895 million, a decrease of 7.0%. GAAP EPS was $0.25, a decrease of 34.2%, while non-GAAP EPS was $0.67, an increase of 17.5%.
Net sales decreased by 7.0% to $895 million.
Organic sales declined by 8.8%.
GAAP operating income decreased 25.4% to $82 million.
Non-GAAP EPS increased 17.5% to $0.67.
Dentsply Sirona
Dentsply Sirona
Forward Guidance
Due to the uncertainty surrounding the COVID-19 pandemic, the Company continues to not provide 2020 guidance.