Dentsply Sirona Inc (NAS:XRAY)

$ 26.06 0.67 (2.64%) Market Cap: 5.28 Bil Enterprise Value: 7.08 Bil PE Ratio: 0 PB Ratio: 1.72 GF Score: 67/100

Q1 2024 DENTSPLY SIRONA Inc Earnings Call Transcript

May 02, 2024 / 12:30PM GMT

Release Date Price: $28.38 (-5.96%)

Transcript 10-Q8-K

Key Points

Positve

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.

Negative

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.

Operator

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.

Andrea Daley

DENTSPLY SIRONA Inc. - VP of IR

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

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