NASDAQ$XRAY

Dentsply Sirona Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Dentsply Sirona's Q4 2022 results were announced, revealing a decrease in net sales and earnings per share compared to the previous year, but exceeding the high end of prior outlook ranges.

Dentsply Sirona's Q4 2022 net sales decreased by 10.9% to $983 million, and GAAP EPS was ($0.07). Adjusted EPS decreased to $0.46, compared to $0.83 in Q4 2021. The company's results exceeded the high end of its prior sales and EPS outlook ranges.

  • Q4 net sales decreased by 10.9% to $983 million.
  • Q4 GAAP EPS was ($0.07), while adjusted EPS was $0.46.
  • FY22 net sales decreased by 7.3% to $3,922 million.
  • The company provided FY23 outlook with net sales of $3.85 - $3.95 billion and adjusted EPS range of $1.80 to $2.00.

Headline financials

Total Revenue

$983M

Previous: $1.09B-9.7%
EPS (adj)

$0.46

Previous: $0.76-39.5%
Capital Expenditures

$149M

Previous: $142M+4.9%
Free Cash Flow

-$7M

Previous: $80M-108.7%
Net Income

-$15M

Previous: $102M-114.7%
Operating Income

$65M

Previous: $154M-57.8%
Gross Profit

$517M

Previous: $593M-12.8%
Cash & Equivalents

$365M

Previous: $339M+7.7%
Total Assets

$7.64B

Previous: $9.24B-17.3%
Stock-Based Comp

$12M

Previous: -$6M+300.0%

Revenue & EPS history

Dentsply Sirona · Revenue · Quarterly

$983M

Q4 2022-9.7%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The outlook for full year 2023 includes net sales in the range of $3.85 billion to $3.95 billion, down (1%) to up 2% on an organic basis. Adjusted EBITDA margin is expected to be greater than 18% with adjusted EPS in the range of $1.80 to $2.00.

Tailwinds

  • Net sales in the range of $3.85 billion to $3.95 billion
  • Organic sales down (1%) to up 2%
  • Adjusted EBITDA margin is expected to be greater than 18%
  • Adjusted EPS in the range of $1.80 to $2.00
  • First quarter 2023 organic sales growth of approximately 1%

Headwinds

  • Foreign currency will be a (100) bps headwind to net sales on a full year basis.

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 2022

Historical avgQ4 2022

-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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