Dentsply Sirona guides lower

 

• Net sales of $947 million were flat year-over-year, organic sales decreased (0.3%)
• GAAP gross margin of 52.2%, GAAP net loss of ($266) million or ($1.25) per share
• Adjusted EBITDA margin of 18.2%, adjusted EPS of $0.49
• Revised FY23 outlook: organic sales growth of ~1% (from ~3%); adjusted EPS of $1.80 to $1.85 (from $1.92 to $2.02)
• Company expects to repurchase $150 million of its common stock in Q4 2023

https://www.globenewswire.com/news-release/2023/11/02/2772026/0/en/Dentsply-Sirona-Reports-Third-Quarter-2023-Results.html