NASDAQ$XRAY

Dentsply Sirona Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported an increase in revenue and non-GAAP EPS compared to the prior year, driven by strong growth in the Technologies & Equipment segment.

Dentsply Sirona reported Q4 2019 revenues of $1,112 million, up 4.9% compared to the prior year, with an 8.4% increase on an internal sales growth basis. The company's Q4 2019 EPS was $0.46, compared to $0.01 in Q4 2018, and non-GAAP EPS was $0.73, versus $0.58 in the prior year. Operating income increased 67% YoY to $137 million, while non-GAAP operating income grew 26% YoY to $222 million.

  • Q4 2019 revenues increased by 4.9% year-over-year to $1,112 million.
  • Q4 2019 EPS was $0.46, a significant increase from $0.01 in Q4 2018.
  • Non-GAAP EPS for Q4 2019 was $0.73, compared to $0.58 in Q4 2018.
  • Operating income for Q4 2019 rose by 67% year-over-year to $137 million.

Headline financials

Total Revenue

$1.11B

Previous: $1.06B+4.9%
EPS (adj)

$0.73

Previous: $0.58+25.9%
Operating Margin

12.4%

No prior period
Capital Expenditures

$123M

Previous: $183M-32.7%
Free Cash Flow

$263M

Previous: $19.7M+1235.0%
Net Income

$102M

Previous: $1.8M+5566.7%
Operating Income

$137M

Previous: $81.8M+67.5%
Gross Profit

$611M

Previous: $525M+16.3%
Cash & Equivalents

$405M

Previous: $310M+30.8%
Total Assets

$8.6B

Previous: $8.69B-1.0%
Stock-Based Comp

$16.4M

Previous: $5.9M+178.0%

Revenue & EPS history

Dentsply Sirona · Revenue · Quarterly

$1.11B

Q4 2019+4.9%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company introduced its FY20 non-GAAP guidance range of $2.55 to $2.80 per share. 2020 GuidanceRevenue$4.1B to $4.15BOrganic Sales Growth[1]3%-4%Portfolio shaping/M&A revenue impact from already completed activities-$10MForeign currency FY20 impact-$30MAdjusted operating income margin[2]19.5%-20.5%Non-GAAP effective tax rate[2]24.5%-25.5%Adjusted earnings per share[2]$2.55-$2.802020 Diluted Shares for Calculating non-GAAP EPS 222M to 224M

Headwinds

  • Our FY20 annual guidance incorporates a Q120 revenue impact from Coronavirus of between $60 to $70 million
  • Our FY20 annual guidance incorporates a Q120 impact to EPS of $0.10 to $0.12.

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 Q4 2019

Historical avgQ4 2019

-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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