NASDAQ$XRAY

Dentsply Sirona Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Dentsply Sirona's Q1 2021 results were announced, featuring revenue growth and increased EPS.

Dentsply Sirona reported a strong first quarter in 2021, with a 17.5% increase in revenue to $1,027 million and a significant rise in both GAAP and non-GAAP EPS. The company has raised its full-year 2021 non-GAAP EPS outlook.

  • Revenue increased by 17.5% to $1,027 million, with organic revenue up by 12.1%.
  • GAAP EPS increased to $0.53, compared to a loss of ($0.63) in the previous year.
  • Non-GAAP EPS increased by 67.4% to $0.72, versus $0.43 in 2020.
  • The company raised its FY21 Non-GAAP EPS outlook to $2.75 to $2.90 from $2.60 to $2.80.

Headline financials

Total Revenue

$1.03B

Previous: $874M+17.5%
EPS (adj)

$0.72

Previous: $0.43+67.4%
Free Cash Flow

$117M

Previous: -$140M+183.6%
Net Income

$117M

Previous: -$140M+183.6%
Operating Income

$154M

Previous: -$125M+223.4%
Gross Profit

$579M

Previous: $468M+23.8%
Cash & Equivalents

$318M

Previous: $236M+34.8%
Total Assets

$9.14B

Previous: $8.06B+13.4%
Stock-Based Comp

$13M

Previous: $10M+30.0%

Revenue & EPS history

Dentsply Sirona · Revenue · Quarterly

$1.03B

Q1 2021+17.5%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Dentsply Sirona revised its fiscal year 2021 outlook based on the first quarter results and the continued gradual recovery of the global dental market. The company now expects revenues to be in the $4.1B to $4.3B range and increased Non-GAAP EPS outlook for FY2021 to $2.75 to $2.90 from $2.60 to $2.80.

Tailwinds

  • Revenues are expected to be in the $4.1B to $4.3B range, up approximately 23-28% on a reported basis and 18-25% on an organic basis.
  • Non-GAAP EPS outlook for FY2021 increased to $2.75 to $2.90 from $2.60 to $2.80.
  • Global dental market has demonstrated resilience with attractive underlying fundamentals.
  • The company remains committed to executing on its restructuring goals while increasing focus on investing for revenue growth.
  • Confidence in the team's ability to execute on growth initiatives and capitalize on the recovery.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-2.1%

Avg return

30 days after

42%

30 / 72 earnings

Positive

+16.6%

Q4 2018

Best reaction

-25.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-1.7%-11.7%
Q4 2025+15.3%+5.7%-9.8%
Q3 2025-12.8%-13.0%-10.9%
Q2 2025-3.1%-4.6%+6.9%
Q1 2025+16.3%+21.3%+16.5%
Q4 2024-8.8%-17.1%-20.6%
Q3 2024-25.5%-25.9%-20.4%
Q1 2024-6.3%-6.4%-7.2%
Q4 2023-0.1%-0.1%-0.3%
Q3 2023-5.3%-7.9%+5.5%
Q2 2023-5.1%-4.5%-9.4%
Q1 2023-3.0%-1.9%-7.9%
Q4 2022+8.1%+12.1%+11.6%
Q3 2022-2.2%-2.9%+0.0%
Q2 2022+3.4%+18.0%+9.6%
Q1 2022-4.0%-2.6%-0.4%
Q4 2021-7.4%-10.4%-15.6%
Q3 2021-5.8%-5.8%-14.4%
Q2 2021-6.2%-9.4%-2.9%
Q1 2021+1.3%-1.2%-1.9%
Q4 2020+11.7%+13.1%+20.2%
Q3 2020-4.9%+10.1%+11.7%
Q2 2020-3.2%-2.2%-4.5%
Q1 2020-1.8%-9.1%+22.2%
Q4 2019-4.1%-9.2%-24.2%
Q3 2019+3.3%+1.0%+4.4%
Q2 2019-3.5%-3.4%-2.3%
Q1 2019+6.3%+6.7%+4.6%
Q4 2018+16.6%+14.3%+18.8%
Q3 2018-1.2%+0.5%-0.5%
Q2 2018-16.6%-19.4%-19.7%
Q1 2018-6.1%-6.1%-15.4%
Q4 2017+1.6%+0.6%-10.3%
Q3 2017+4.4%+5.5%+8.0%
Q2 2017-9.6%-11.6%-4.8%
Q1 2017-4.4%-5.8%-3.0%
Q4 2016+2.9%+2.6%+4.1%
Q3 2016+2.6%+2.8%-4.4%
Q2 2016-4.4%-3.8%-3.1%
Q1 2016+0.0%
Q4 2015-1.4%
Q3 2015+2.7%
Q2 2015+5.9%
Q1 2015-2.6%
Q4 2014-0.2%
Q3 2014+5.3%
Q2 2014-2.0%
Q1 2014+0.5%
Q4 2013-3.4%
Q3 2013+4.0%
Q2 2013+0.2%
Q1 2013-3.5%
Q4 2012-5.0%
Q3 2012+1.2%
Q2 2012-3.0%
Q1 2012-1.9%
Q4 2011+2.0%
Q3 2011+3.7%
Q2 2011+1.2%
Q1 2011+1.4%
Q4 2010-0.6%
Q3 2010-5.3%
Q2 2010+1.9%
Q1 2009-0.3%
Q1 2010-0.9%
Q4 2007-0.3%
Q4 2009-0.3%
Q3 2009-2.9%
Q3 2008-2.9%
Q4 2008+7.7%
Q2 2008+7.7%
Q2 2009+7.7%

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