Here are five takeaways:
1. For the quarter, the company’s revenues declined 8 percent year-over-year to $928.4 million. In 2017, the company’s third quarter revenue was $1 billion.
2. Dentsply Sirona’s net income was $28 million compared to $90.6 million in the third quarter of 2017.
3. Dentsply Sirona’s technology and equipment revenues declined 11.3 percent year-over-year due to significant inventory destocking.
4. The company plans to implement a comprehensive plan to accelerate revenue growth, improve margins and simplify the business. Dentsply Sirona plans to save $200 million to $225 million in costs by 2021 through the initiative.
5. By the end of the year, Dentsply Sirona predicts a 2 percent decrease in revenue.
To view the full report, click here.
More articles on dentists:
Drs. Natalie Wong, Chad Gehani & more: 3 dentists making headlines
ADA establishes reimbursement code for Exparel: 3 things to know
American Academy of Implant Dentistry elects new president: 5 things to know
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place November 12–14 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.
