Charlotte, N.C.-based Dentsply Sirona reported $836 million in Q3 net sales, down 7.6% year over year, according to a Nov. 5 earnings release.
Six notes on the company’s third quarter performance:
1. The company posted a net loss of $2 million, compared with a $427 million loss a year earlier.
2. Adjusted EBITDA was $146 million, down from $167 million, at a margin of 17.3%.
3. Operating cash flow was $32 million, down from $79 million, and free cash flow was zero.
4. The company repurchased 1.2 million shares for about $13 million and held $195 million in cash as of Sept. 30.
5. Dentsply Sirona now expects about $3.5 billion in full-year net sales.
6. CEO Dan Scavilla said the company is making progress on its return-to-growth action plan despite industry-wide headwinds, citing improvement in implants and endodontics and a broader U.S. dealer network.
