Welcome to our dedicated page for Dentsply Sirona news (Ticker: XRAY), a resource for investors and traders seeking the latest updates and insights on Dentsply Sirona stock.
DENTSPLY SIRONA Inc. develops, manufactures and markets professional dental products, dental technologies, oral health products and other consumable medical devices under a broad brand portfolio. News for XRAY commonly covers quarterly results, outlook updates, restructuring actions, capital allocation, debt reduction, share repurchases and changes to distribution relationships for dental equipment and connected technology solutions.
Company updates also focus on digital dentistry and imaging products, including CEREC systems, intraoral scanning, CBCT imaging, DS Core, Smart View - Detect and dental-dedicated MRI work with Siemens Healthineers. Additional product news includes Surity urinary incontinence devices from Wellspect HealthCare, along with regulatory clearances, CE markings, commercial launches, board changes and investor conference participation.
Dentsply Sirona reported third-quarter 2022 net sales of $947 million, down by 8.9% year-over-year, with a GAAP loss of $5.01 per share. Adjusted EPS fell by 31.5% to $0.41. Key factors included foreign currency impacts and macroeconomic headwinds, with organic sales slightly declining by 0.7%. The company initiated a comprehensive review to enhance execution and return to growth. Full-year guidance reflects an expected organic sales decline of approximately 2% and adjusted EPS projected between $1.90 and $2.00.
Dentsply Sirona (Nasdaq: XRAY) announced its participation in two key upcoming healthcare conferences. The first is the Jefferies 13th Annual London Healthcare Conference scheduled for November 17, 2022, at 12:20 pm GMT (7:20 am ET). The second is the Evercore ISI 5th Annual HealthCONx Conference on December 1, 2022, at 1:00 pm ET. Interested investors can access live webcasts of these presentations via the Dentsply Sirona website. As the world's largest manufacturer of dental products, Dentsply Sirona focuses on innovative solutions for patient care.
Dentsply Sirona (Nasdaq: XRAY) will host an investor conference call and live webcast on November 14, 2022, at 8:30 am ET to discuss its third quarter financial results. Investors can access a presentation on the Company's website at this link. To participate in the call, registration is required via this page. A replay of the conference call will also be available online.
As the largest manufacturer of dental products, Dentsply Sirona focuses on advancing patient care through innovative solutions.
DENTSPLY SIRONA (Nasdaq: XRAY) announced the conclusion of its internal investigation into financial reporting issues, resulting in restatements for Q3 2021 and full-year 2021. The Audit and Finance Committee identified material weaknesses in internal controls. The company expects a goodwill impairment charge between $1.0 billion and $1.3 billion due to economic factors. Preliminary Q3 2022 net sales are projected at $947 million, reflecting organic sales decline. DENTSPLY anticipates low-single-digit sequential net sales decline for Q4 2022 but expects flat growth on a constant currency basis.
Dentsply Sirona (Nasdaq: XRAY) has appointed Glenn Coleman as Executive Vice President and Chief Financial Officer, effective September 26, 2022. He succeeds Barbara Bodem, who served as Interim CFO since May 2022 and will assist Coleman until October 24, 2022. Coleman brings over 30 years of experience, having previously held executive roles at Integra Lifesciences and other global firms. CEO Simon Campion expressed confidence in Coleman’s leadership to enhance financial and operational strategies and support the company's growth initiatives.
Dentsply Sirona (Nasdaq: XRAY) unveiled new digital dentistry solutions at DS World 2022 in Las Vegas, aimed at enhancing efficiency and patient outcomes. A key feature is the Primescan Connect, a laptop-based intraoral scanner, designed for ease of use and integration. The product leverages the DS Core platform, enhancing connectivity and enabling streamlined workflows for treatment and diagnostics. Available from September 2022, these innovations promise to support dental practices in their operations while improving patient care.
Dentsply Sirona (Nasdaq: XRAY) announced the appointment of Simon Campion as President and CEO, effective September 12, 2022, succeeding John Groetelaars, who served as Interim CEO since April 2022. Campion joins from Becton, Dickinson and Company, bringing extensive experience in the medical device industry. His appointment is part of a strategic initiative to review and enhance the company's operations, competitive positioning, and capital structure. The Board highlighted Campion's record of operational expertise, sustainable growth, and potential to drive accountability and innovation.
Dentsply Sirona (Nasdaq: XRAY) announced on August 15, 2022, it remains non-compliant with Nasdaq Listing Rules, failing to file its Quarterly Reports on Form 10-Q for the first two quarters of 2022. Despite an earlier extension to file by August 14, the Company could not meet this deadline. An internal investigation regarding financial reporting matters is ongoing, complicating the filing process. Nasdaq may grant additional time to regain compliance, potentially extending the deadline to November 7, 2022. The notices received do not impact the current listing status of XRAY shares.
Dentsply Sirona (Nasdaq: XRAY) announced preliminary results for Q2 2022, expecting net sales over $1,005 million and adjusted EPS at or above $0.60. Despite year-over-year sales decline due to foreign exchange impacts, organic sales grew, driven by strong demand in Europe and recent product launches. An ongoing internal investigation into financial matters may delay the filing of its quarterly report. The company has declared a quarterly dividend of $0.125 per share, payable on October 14, 2022. Nasdaq compliance issues are also addressed, with an extension granted for filing the required reports.
DENTSPLY SIRONA Inc. (Nasdaq: XRAY) announced a quarterly cash dividend of $0.125 per share, indicating an annual rate of $0.50. This dividend is scheduled for payment on July 8, 2022, to shareholders of record as of June 24, 2022. Dentsply Sirona is recognized as the world’s largest manufacturer of professional dental products, providing innovative solutions that enhance patient care. The company has a strong portfolio of products and brands, reinforcing its commitment to the dental industry.