NASDAQ$XRAY

Dentsply Sirona Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Dentsply Sirona's first quarter results for 2024 were announced, with net sales decreasing by 2.6% and organic sales decreasing by 1.9%.

Dentsply Sirona reported a decrease in net sales and organic sales for Q1 2024. While GAAP EPS was $0.09, adjusted EPS reached $0.42. The company is maintaining its FY24 outlook but expects to trend towards the lower end of the range.

  • Net sales decreased by 2.6%, with organic sales down by 1.9%.
  • GAAP net income was $18 million, resulting in earnings per share of $0.09.
  • Adjusted EPS was $0.42, compared to $0.39 in the first quarter of 2023.
  • The company is maintaining its full-year outlook but expects to trend towards the low end of both organic sales and adjusted EPS ranges.

Headline financials

Total Revenue

$953M

Previous: $978M-2.6%
EPS (adj)

$0.42

Previous: $0.39+7.7%
Adjusted Gross Margin

56.6%

No prior period
Operating Margin

4.4%

No prior period
Adjusted EBITDA Margin

16.8%

No prior period
Free Cash Flow

$18M

Previous: -$19M+194.7%
Net Income

$18M

Previous: -$19M+194.7%
Operating Income

$42M

Previous: -$2M+2200.0%
Gross Profit

$506M

Previous: $519M-2.5%

Revenue & EPS history

Dentsply Sirona · Revenue · Quarterly

$953M

Q1 2024-2.6%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The company is maintaining its 2024 outlook for organic sales growth in the range of flat to up 1.5%, and adjusted EPS in the range of $2.00 to $2.10. Based on its latest view of the macroeconomic environment, the Company believes adjusted EPS and organic sales are trending towards the low-end of both ranges. The Company is revising its anticipated reported sales to a new range of $3.91 billion to $3.97 billion, due to an additional estimated foreign currency translation headwind of $50 million.

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 2024

Historical avgQ1 2024

-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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