Press release
Dentsply Sirona Reports Second Quarter 2021 Results
Revenue increased 117.3% to $1,067 million. Organic revenue increased 104.6%GAAP EPS increased to $0.45 vs loss of ($0.44) in 2020Non-GAAP EPS increased to
About this update from Dentsply Sirona Inc.
[{"type":"text","content":"Revenue increased 117.3% to $1,067 million. Organic revenue increased 104.6%GAAP EPS increased to $0.45 vs loss of ($0.44) in 2020Non-GAAP EPS increased to $0.71 vs loss of ($0.18) in 2020GAAP operating income increased to $155 million vs loss of ($104) million in 2020Non-GAAP operating income increased to $219 million vs loss of ($42) million in 2020Operating cash flows increased to $214 million vs $175 million in 2020Reaffirm FY21 Non-GAAP EPS outlook of $2.75 to $2.90 CHARLOTTE, N.C., Aug. 05, 2021 (GLOBE NEWSWIRE) -- DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the \"Company\") (Nasdaq: XRAY) today announced its financial results for the second quarter of 2021. Second quarter net sales of $1,067 million increased 117.3%, compared to $491 million in the second quarter of 2020. Net income for the second quarter of 2021 was $99 million, or $0.45 per diluted share, compared to a net loss of ($95) million, or ($0.44) per diluted share in the second quarter of 2020. Non-GAAP net earnings per diluted share increased to $0.71 compared to ($0.18) in the second quarter of 2020. A reconciliation of the Non-GAAP measures to earnings per share calculated on a GAAP basis is provided in the attached table. “Our second-quarter performance closes out a strong first half of the fiscal year,\" said Dentsply Sirona Chief Executive Officer Don Casey. \"Our financial results reflect the resilience of the dental market and demonstrate our team's ability to execute operationally and financially. As we turn our attention to investing for future growth, we are confident that the underlying fundamentals of our business are strong and that we are well positioned. Additionally, we remain committed to completing our restructuring goals on time and on budget.” Q2 21 Summary Results (GAAP) (in millions, except per share amount and percentages) Q2 21 Q2 20 YoYNet Sales 1,067 491 117.3%Operating Income (loss) 155 (104) NMOperating Income (loss) % 14.5% (21.2%) Diluted EPS 0.45 (0.44) NM NM - not meaningful Q2 21 Summary Results (Non-GAAP)[1] (in millions, except per share amount and percentages) Q2 21 Q2 20 YoYNet Sales 1,067 491 117.3%Organic Sales Growth % 104.6%Operating Income 219 (42) NMOperating Income % 20.5% (8.6%) Diluted EPS 0.71 (0.18) NM [1] Organic sales growth, Non-GAAP operating income, and Non-GAAP EPS are Non-GAAP financial measures which excl...