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Sep 30, 2022

Dentsply Sirona Q3 2022 Earnings Report

Dentsply Sirona reported a decrease in net sales and a GAAP EPS loss, reflecting macroeconomic headwinds and strategic business reviews.

Key Takeaways

Dentsply Sirona's Q3 2022 results showed a net sales decrease of 8.9% to $947 million, with organic sales down 0.7%. The company reported a GAAP EPS loss of ($5.01) and an adjusted EPS of $0.41, a 31.5% decrease year-over-year. Operating cash flow was $109 million.

Net sales decreased by 8.9% to $947 million, with organic sales declining by 0.7%.

GAAP EPS showed a loss of ($5.01), while adjusted EPS was $0.41, down 31.5% year-over-year.

Operating cash flow reached $109 million for the quarter.

The company updated its full-year 2022 outlook, expecting an organic sales decline of approximately 2% and an adjusted EPS range of $1.90 to $2.00.

Total Revenue
$947M
Previous year: $1.07B
-11.4%
EPS
$0.41
Previous year: $0.68
-39.7%
Gross Profit
$508M
Previous year: $591M
-14.0%
Cash and Equivalents
$418M
Previous year: $281M
+48.8%
Total Assets
$7.52B
Previous year: $9.29B
-19.0%

Dentsply Sirona

Dentsply Sirona

Forward Guidance

The company updated its full-year 2022 outlook, expecting an organic sales decline of approximately (2%) and an adjusted EPS range of $1.90 to $2.00.