Dentsply Sirona Q1 net sales +0.9% to $978M, organic +5.1%; raises FY23 guidance low-end

DENTSPLY SIRONA Inc.

2023-Q1 EPS reported -$0.09 revenue$978,000,000

GAAP net loss of $19M ($0.09 loss per share) vs. $69M income ($0.32 EPS) in Q1 2022; includes $71M restructuring charges.
Adjusted EPS fell to $0.39 from $0.54; adjusted EBITDA $161M (16.4% margin) vs. $189M (19.6%) a year ago.
Raising low-end of FY23 net sales outlook by $50M, organic sales growth outlook by 100 bps, and adjusted EPS outlook by $0.05.
Growth driven by strong demand for aligners and consumables; CEO cites stable patient traffic and transformation momentum.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DENTSPLY SIRONA Inc. reported the first quarter ended March 31, 2023 results: revenue $978 million, net income ($19) million, EPS ($0.09) loss per share. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $978 million
Net income: ($19) million
EPS: ($0.09) loss per share
Guidance: raised
Result: reported results

Exact text from the filing

First quarter net sales of $978 million increased 0.9%, compared to $969 million in the first quarter of 2022. Net loss for the first quarter of 2023 was ($19) million, or ($0.09) loss per share, compared to net income of $69 million, or $0.32 per diluted share in the first quarter of 2022.

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DENTSPLY SIRONA Inc. filing history →

Source: SEC EDGAR

accession 0000818479-23-000031

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