Dentsply Sirona Q4 2022 Earnings Report
Key Takeaways
Dentsply Sirona's Q4 2022 net sales decreased by 10.9% to $983 million, and GAAP EPS was ($0.07). Adjusted EPS decreased to $0.46, compared to $0.83 in Q4 2021. The company's results exceeded the high end of its prior sales and EPS outlook ranges.
Q4 net sales decreased by 10.9% to $983 million.
Q4 GAAP EPS was ($0.07), while adjusted EPS was $0.46.
FY22 net sales decreased by 7.3% to $3,922 million.
The company provided FY23 outlook with net sales of $3.85 - $3.95 billion and adjusted EPS range of $1.80 to $2.00.
Dentsply Sirona
Dentsply Sirona
Dentsply Sirona Revenue by Geographic Location
Forward Guidance
The outlook for full year 2023 includes net sales in the range of $3.85 billion to $3.95 billion, down (1%) to up 2% on an organic basis. Adjusted EBITDA margin is expected to be greater than 18% with adjusted EPS in the range of $1.80 to $2.00.
Positive Outlook
- Net sales in the range of $3.85 billion to $3.95 billion
- Organic sales down (1%) to up 2%
- Adjusted EBITDA margin is expected to be greater than 18%
- Adjusted EPS in the range of $1.80 to $2.00
- First quarter 2023 organic sales growth of approximately 1%
Challenges Ahead
- Foreign currency will be a (100) bps headwind to net sales on a full year basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income