Dentsply Sirona Inc Stock Price, News & Analysis

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.

Dentsply Sirona has launched two innovative imaging technologies, Axeos and Schick AE, aimed at enhancing dental practice efficiency and patient care. The Axeos system, awarded the Red Dot Award for Production Design 2020, offers a large field of view and smart connectivity with low radiation exposure. Schick AE's intraoral sensor is favored by over 80% of clinicians for its high-resolution images and durability. Both products integrate with various practice management systems, supporting better workflows and improved patient experiences.

Dentsply Sirona (Nasdaq: XRAY) reported Q2 2020 net sales of $491 million, a 51.4% decline from the previous year, primarily due to COVID-19 impacts. The company experienced an operating loss of $104 million, with a non-GAAP operating loss of $42 million. Reported loss per share was $0.44 and non-GAAP loss per share was $0.18. Restructuring efforts are underway to achieve annual cost savings of $250 million. The company is exiting traditional orthodontics and a portion of the analog laboratory business to focus on clear aligners and digital products.

DENTSPLY SIRONA (NASDAQ: XRAY) has declared a quarterly cash dividend of $0.10 per share, reflecting an annual rate of $0.40.

This dividend will be payable on October 9, 2020, to shareholders on record as of September 25, 2020.

Dentsply Sirona (NASDAQ: XRAY) will host an investor conference call on August 6, 2020, at 8:00 am ET, following an earnings press release. Investors can access the live webcast on the company's website. For participation, dial +1-877-370-7637 for domestic or +1-629-228-0723 for international calls, using Conference ID #3285259. A replay will be available for one week after the call. Dentsply Sirona is a leading global manufacturer of dental products with a 132-year history of innovation in the dental industry. Visit their site for more details.