---
schema_version: "secwatch.filing_event.v1"
accession: "0000818479-24-000070"
form_type: "8-K"
ticker: "XRAY"
cik: "0000818479"
company_name: "DENTSPLY SIRONA Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:41:05.106648+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dentsply Sirona Q2 net loss $4M, lowers FY24 outlook, begins restructuring

## Summary
- Net sales $984M (-4.2% YoY), organic sales -2.3%; GAAP net loss $4M ($0.02/share), adjusted EPS $0.49 vs $0.51.
- FY24 outlook cut: organic sales now -1% to 0% (prev. flat to +1.5%), adjusted EPS $1.96-$2.02 (prev. $2.00-$2.10).
- Restructuring: $40-$50M charges (employee severance), $80-$100M annual savings, 2-4% workforce reduction, complete by end 2025.
- EVP Chief Business Officer Frank to leave Oct 1; CAO Wagner resigns Aug 16; CFO Coleman interim CAO.
- Repurchased $150M stock in Q2, plans $100M repurchase in Q3 2024.

## SEC filing metadata
- accession: 0000818479-24-000070
- form_type: 8-K
- ticker: XRAY
- cik: 0000818479
- company_name: DENTSPLY SIRONA Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/xray-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000818479-24-000070
- JSON: https://secwatch.observer/filing/0000818479-24-000070.json
- Plain text: https://secwatch.observer/filing/0000818479-24-000070.txt

## Key facts
- Executive change
  Andreas G. Frank departed as Executive Vice President, Chief Business Officer at DENTSPLY SIRONA Inc..
  - Action: departed
  - Role: Executive Vice President, Chief Business Officer
  source text: On July 31, 2024, as part of the restructuring plan described in Item 2.05 herein, the Company eliminated the position of Executive Vice President, Chief Business Officer which is currently held by Mr. Andreas G. Frank, effective October 1, 2024, or such other date as mutually agreed to between the parties (the “Termination Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm
- Executive change
  Richard M. Wagner resigned as Vice President, Chief Accounting Officer at DENTSPLY SIRONA Inc..
  - Action: resigned
  - Role: Vice President, Chief Accounting Officer
  source text: Additionally, on July 25, 2024, Richard M. Wagner informed the Company of his decision to resign as Vice President, Chief Accounting Officer of the Company effective August 16, 2024, to pursue another opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm
- Executive change
  Glenn G. Coleman changed role as interim principal accounting officer at DENTSPLY SIRONA Inc..
  - Action: assumed
  - Role: interim principal accounting officer
  source text: In connection with Mr. Wagner’s resignation, Glenn G. Coleman, Executive Vice President, Chief Financial Officer, will assume the responsibilities of principal accounting officer on an interim basis, effective August 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm
- Restructurings & Charges
  DENTSPLY SIRONA Inc. announced a restructuring with charges of between $40 million and $50 million in non-recurring restructuring charges affecting global workforce (net reduction in the Company's global workforce of approximately 2% to 4%).
  - Type: restructuring
  - Charge: between $40 million and $50 million in non-recurring restructuring charges
  - Affected area: global workforce
  - Headcount: net reduction in the Company's global workforce of approximately 2% to 4%
  source text: On July 29, 2024, the Board of Directors of the Company approved a plan to restructure the Company’s business to improve operational performance and drive shareholder value creation. The restructuring plan anticipates a net reduction in the Company’s global workforce of approximately 2% to 4%. The proposed changes are subject to co-determination processes with employee representative groups in countries where required. The Company expects to incur between $40 million and $50 million in non-recurring restructuring charges under the plan, primarily related to employee transition, severance payments and employee benefits, which are expected to be expensed and paid in cash in 2024 and 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.