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Dec 31, 2023
Dentsply Sirona Q4 2023 Earnings Report
Dentsply Sirona reported an increase in net sales and net income for the fourth quarter of 2023, with adjusted EPS slightly decreasing. The company provided its full year 2024 outlook and raised its dividend.
Key Takeaways
Dentsply Sirona's Q4 2023 results showed a 2.9% increase in net sales, reaching $1,012 million, and a net income of $67 million, or $0.32 per share. Adjusted EPS was $0.44, slightly down from $0.46 in the same quarter of the previous year. The company's full year 2024 outlook includes organic sales flat to up 1.5% and adjusted EPS of $2.00 to $2.10.
Net sales increased by 2.9% to $1,012 million, with organic sales up by 1.9%.
Net income was $67 million, or $0.32 per share, compared to a net loss of $15 million, or $0.07 per share in Q4 2022.
Adjusted EPS was $0.44, a slight decrease from $0.46 in the fourth quarter of 2022.
The company's Board of Directors approved a 14% increase in the quarterly dividend rate.
Forward Guidance
The company anticipates net sales in the range of $3.96 billion to $4.02 billion, representing flat to up 1.5% organic growth. Adjusted EPS is expected to be in the range of $2.00 to $2.10.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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