Q1 2024 DENTSPLY SIRONA Inc Earnings Call Transcript
Key Points
- Dentsply Sirona Inc (XRAY) reported an 8% increase in adjusted EPS to $0.42, aligning with expectations despite softer sales.
- The company is maintaining its full-year outlook for organic sales and adjusted EPS, though trending towards the lower end of both ranges.
- Dentsply Sirona Inc (XRAY) announced plans to execute up to $150 million in share repurchases in the second quarter.
- The company highlighted advancements in innovation, particularly with DS Core, which is seeing strong adoption rates and increased utilization from new and existing users.
- Dentsply Sirona Inc (XRAY) is actively executing strategic initiatives, including SKU optimization and supply chain transformation, expected to enhance profitability long-term.
- Organic sales declined by 1.9% in Q1, driven by lower sales in Connected Technology Solutions and Essential Dental Solutions.
- The macroeconomic environment in Germany remains challenging, contributing to regional sales difficulties.
- Imaging equipment within the Connected Technology Solutions segment experienced significant headwinds due to unfavorable macroeconomic conditions and competitive pressure.
- The company is adjusting its net sales outlook due to additional foreign exchange headwinds, reflecting the recent strengthening of the dollar.
- Dentsply Sirona Inc (XRAY) is taking a cautious stance with its full-year outlook due to ongoing macro uncertainties, particularly impacting the imaging business.
Good day, everyone, and thank you for standing by. Welcome to the DENTSPLY SIRONA First Quarter 2024 Earnings Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to the Vice President of Investor Relations, Andrea Daley. Please proceed.
Thank you, operator, and good morning, everyone. Welcome to the DENTSPLY SIRONA First Quarter 2024 Earnings Call. Joining me for today's call is Simon Campion, Chief Executive Officer; Glenn Coleman, Chief Financial Officer; and Andreas Frank, Chief Business Officer.
I'd like to remind you that an earnings press release and slide presentation related to the call are available in the Investors section of our website at www.dentsplysirona.com.
Before we begin, please take a moment to read the forward-looking statements in our earnings press release. During today's call, we may make certain predictive
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
