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 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.
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.