Press release
Dentsply Sirona Reports Fourth Quarter and Full Year 2019 Results
Reported Q419 revenues of $1,112 million, up 4.9% as compared to prior year and up 8.4% on an internal sales growth basisQ419 EPS of $0.46 vs. $0.01 in Q418.
About this update from Dentsply Sirona Inc.
[{"type":"text","content":"Reported Q419 revenues of $1,112 million, up 4.9% as compared to prior year and up 8.4% on an internal sales growth basisQ419 EPS of $0.46 vs. $0.01 in Q418. Q419 non-GAAP EPS of $0.73 vs. $0.58 in Q418Q419 operating income increased 67% YoY to $137 million and operating income margin was 12.4%. Q419 non-GAAP operating income grew 26% YoY to $222 million and non-GAAP operating income margin was 20.2%Q419 cash flow from operations of $299 million, up 48% as compared to prior yearCompany announces FY20 non-GAAP EPS Guidance Range of $2.55 to $2.80 CHARLOTTE, N.C., March 02, 2020 (GLOBE NEWSWIRE) -- DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (Nasdaq: XRAY), The Dental Solutions Company, announced its financial results for the three and twelve months ended December 31, 2019.\n Don Casey, Chief Executive Officer, commented; “The fourth quarter of 2019 capped off a year of strong financial performance. Our results today clearly indicate that our restructuring plan is delivering on its promise, as evidenced by the uptick in innovation in 2019, our reenergized sales teams, and benefits stemming from our portfolio shaping activities. In the fourth quarter and for the full year, we delivered strong revenue growth, driven by robust increases in the Technologies & Equipment segment, and in particular, driven by our recent new product launch activity. The strong top line performance drove increased operating income margins and cash flows. We still have a lot of work to do, but our results clearly suggest that our performance is on track and we expect the ongoing execution of our plan to continue to deliver strong financial performance as we move forward.” Q419 and FY19 Operating Summary (GAAP) ($ in millions, except per share data and percentages) Q419 Q418 YoY % FY19 FY18 YoY %Net Sales 1,112 1,060 4.9% 4,029 3,986 1.1%Operating income 137 82 67.0% 361 (958) NM Operating income % 12.4% 7.8% 9.1% NM Net income 102 2 NM 263 (1,011) NM Diluted EPS ($) 0.46 0.01 NM 1.17 (4.51) NM Q419 and FY19 Operating Summary (non-GAAP)[1] ($ in millions, except per share data and percentages) Q419 Q418 YoY % FY19 FY18 YoY %Net Sales (ex. PM)[2] 1,102 1,051 4.8% 3,988 3,956 0.8%Internal sales growth[3] 8.4% 5.7%Operating income 222 176 26.3% 742 614 20.8%Operating income % 20.2% 16.8% 18.6% 15.5% Net income 164 130 25.8% 550 455 21.0%Diluted EPS ($) 0.73 0.58 2...