Loading...
•
Sep 30, 2023
Dentsply Sirona Q3 2023 Earnings Report
Dentsply Sirona's financial performance remained relatively stable, with net sales flat year-over-year and adjusted EPS increasing due to cost reductions.
Key Takeaways
Dentsply Sirona reported flat net sales of $947 million year-over-year in Q3 2023. The company experienced a GAAP net loss of $266 million, or $1.25 per share, but adjusted EPS increased to $0.49. The company is revising its full-year outlook to organic sales growth of approximately 1% and adjusted EPS of $1.80 to $1.85.
Net sales were $947 million, flat year-over-year, with a (0.3%) decrease in organic sales.
GAAP net loss was ($266) million, or ($1.25) per share.
Adjusted EPS was $0.49, compared to $0.41 in the third quarter of 2022.
The company expects to repurchase $150 million of its common stock in Q4 2023.
Forward Guidance
The company is revising its 2023 outlook, anticipating organic sales growth of approximately 1%, with net sales in the range of $3.90 billion to $3.94 billion. Adjusted EPS is expected to be in the range of $1.80 to $1.85.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...