Dentsply Sirona Inc - XRAY STOCK NEWS

Dentsply Sirona (Nasdaq: XRAY) will participate in the 39th Annual J.P. Morgan Healthcare Conference on January 13, 2021, at 7:30 AM ET. CEO Don Casey will represent the company during the event. Interested parties can access a live audio webcast of the presentation on their website. A replay will also be available afterward. Dentsply Sirona is the largest manufacturer of dental products and technologies, known for its innovation and quality in the dental industry, with a 132-year history.

Dentsply Sirona has acquired Byte for $1.04 billion, enhancing its position in the clear aligner market. This all-cash transaction is expected to accelerate growth and profitability in Dentsply's combined clear aligner business, with projected run-rate sales exceeding $300 million by the end of 2021. The acquisition is anticipated to be accretive to Dentsply's Non-GAAP EPS by at least $0.05 in 2021. Dentsply's CEO emphasizes the strategic importance of this deal, while Byte's management is set to continue operations under the Dentsply umbrella.

Dentsply Sirona (NASDAQ: XRAY) announced a quarterly cash dividend of $0.10 per share, indicating an annual rate of $0.40. The dividend is set for payment on January 8, 2021, to those on record by December 24, 2020. As the largest global manufacturer of professional dental products, Dentsply Sirona continues to advance dental care through its innovative products and technologies, supporting both the dental industry and patients worldwide.

Dentsply Sirona (Nasdaq: XRAY) will participate in the 2020 Wolfe Research Virtual Healthcare Conference on November 19th, 2020. CEO Don Casey will represent the company in a fireside chat scheduled for 1:45 PM Eastern Time. Investors can access the live audio webcast through the Dentsply Sirona website, where a replay will also be available. Dentsply Sirona is a leading manufacturer of dental products with a strong history of innovation, aiming to enhance patient care through effective solutions. For more details, visit www.dentsplysirona.com.

Dentsply Sirona (Nasdaq: XRAY) will participate in the Credit Suisse 29th Annual Virtual Healthcare Conference on November 11, 2020. CEO Don Casey is scheduled to present at 8:45 AM ET. Investors can access a live webcast on the company's website, where a replay will also be available later. Dentsply Sirona is the largest manufacturer of professional dental products and technologies, with a strong focus on innovative solutions for patient care and dentistry.

Dentsply Sirona (Nasdaq: XRAY) reported Q3 2020 net sales of $895 million, a 7.0% decline year-over-year, with organic sales down 8.8%. GAAP operating income fell 25.4% to $82 million, while Non-GAAP operating income rose 14.3% to $197 million. GAAP EPS declined 34.2% to $0.25, although Non-GAAP EPS increased 17.5% to $0.67. Operating cash flow improved to $207 million from $159 million in 2019, and total cash on hand is $1.3 billion. The company has not provided guidance for the fiscal year due to COVID-19 uncertainties.

Dentsply Sirona (NASDAQ:XRAY) will host an investor conference call and live webcast on November 5, 2020, at 8:30 am ET. The earnings press release will be issued earlier on the same day. Investors can join the webcast via Dentsply Sirona’s official website. For call participants, the U.S. dial-in number is +1-877-370-7637, and +1-629-228-0723 for international callers, using Conference ID # 2187918. A replay of the call will be available online and via dial-in for one week. Dentsply Sirona is the largest manufacturer of professional dental products globally.

Dentsply Sirona (Nasdaq: XRAY) announced the appointment of Clyde R. Hosein to its Board of Directors, expanding the board to twelve members. Chairman Eric K. Brandt expressed enthusiasm for Hosein's operational finance and technology expertise, which aligns with the dental industry's digital transformation. CEO Don Casey emphasized Hosein's experience in high-tech management and operational execution, which is expected to strengthen the company's strategic position. Hosein brings over 30 years of technology experience, having held key financial roles in several major companies.

Dentsply Sirona (Nasdaq: XRAY) announced its participation in the Baird 2020 Global Healthcare Conference scheduled for September 10. Jorge Gomez, CFO, will engage in a fireside chat at 10:50 AM EDT. The session will be accessible via a live audio webcast on the company’s website, along with a replay post-event. Dentsply Sirona is a leader in the dental products sector, known for its innovative solutions aimed at improving patient care. For more details, visit www.dentsplysirona.com.