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Sep 30, 2021

Dentsply Sirona Q3 2021 Earnings Report

Dentsply Sirona's revenue and EPS increased in Q3 2021.

Key Takeaways

Dentsply Sirona reported a strong third quarter with a 19.4% increase in revenue to $1,069 million and GAAP EPS increasing to $0.47. Organic revenue grew by 21.1%, driven by recovery in the dental market and product launches. The company also raised its full-year 2021 Non-GAAP EPS outlook to $2.87 to $2.92.

Revenue increased 19.4% to $1,069 million; organic revenue increased 21.1%.

GAAP EPS increased to $0.47, compared to $0.25 in 2020.

Non-GAAP EPS increased to $0.68, compared to $0.67 in 2020.

The company raised its fiscal year 2021 Non-GAAP EPS outlook to $2.87 to $2.92.

Total Revenue
$1.07B
Previous year: $895M
+19.5%
EPS
$0.68
Previous year: $0.67
+1.5%
Gross Profit
$591M
Previous year: $442M
+33.6%
Cash and Equivalents
$281M
Previous year: $1.27B
-77.9%
Total Assets
$9.29B
Previous year: $8.9B
+4.4%

Dentsply Sirona

Dentsply Sirona

Forward Guidance

Dentsply Sirona expects revenues to be in the $4.25 billion to $4.3 billion range, up approximately 27-30% on a reported basis and 22-25% on an organic basis. Non-GAAP EPS outlook for FY2021 is now $2.87 to $2.92.