secwatch.observer — SEC 8-K summary
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Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000818479-24-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/0000818479-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847924000070/xray-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000818479-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer