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Dec 31, 2020

Dentsply Sirona Q4 2020 Earnings Report

Dentsply Sirona's Q4 2020 results reflected a continued focus on execution and gradual recovery in global dental markets.

Key Takeaways

Dentsply Sirona's Q4 2020 net sales reached $1.08 billion, a decrease of 2.6% compared to Q4 2019. GAAP EPS decreased by 2.2% to $0.45, while Non-GAAP EPS increased by 19.2% to $0.87. The company's operating income decreased by 1.5% to $135 million, and non-GAAP operating income increased by 13.1% to $251 million.

Q4 revenue decreased 2.6% to $1.08 billion.

Q4 GAAP EPS decreased 2.2% to $0.45.

Q4 Non-GAAP EPS increased 19.2% to $0.87.

Q4 GAAP operating income decreased 1.5% to $135 million.

Total Revenue
$1.08B
Previous year: $1.11B
-2.7%
EPS
$0.87
Previous year: $0.73
+19.2%
Gross Profit
$571M
Previous year: $611M
-6.5%
Cash and Equivalents
$438M
Previous year: $405M
+8.2%
Free Cash Flow
$177M
Previous year: $263M
-32.9%
Total Assets
$9.35B
Previous year: $8.6B
+8.7%

Dentsply Sirona

Dentsply Sirona

Dentsply Sirona Revenue by Geographic Location

Forward Guidance

Dentsply Sirona expects fiscal year 2021 revenue in the range of $4.0B to $4.3B, representing a 20% to 30% increase on a reported basis and a 15% to 25% increase on an organic basis. The company anticipates an adjusted operating income margin of at least 20% and FY2021 non-GAAP EPS is expected to be in the range of $2.60 to $2.80.

Positive Outlook

  • Revenue expected to be up 20% to 30% on a reported basis.
  • Revenue expected to be up 15% to 25% on an organic basis.
  • Adjusted operating income margin of at least 20% expected.
  • FY2021 non-GAAP EPS is expected to be in the range of $2.60 to $2.80.

Revenue & Expenses

Visualization of income flow from segment revenue to net income