Dentsply Sirona expects to miss the Aug. 9 deadline to file its second quarter financial report, the dental supplier said in an Aug. 4 news release.
Five things to know:
1. In March, Dentsply Sirona's audit and finance committee launched an investigation into financial reporting matters submitted by current and former employees of the company.
2. After announcing the investigation, the Bernstein Liebhard law firm began investigating the company for possible federal securities law violations, including issuing misleading information to the investing public.
3. Dentsply Sirona was also unable to file its report for the first quarter of 2022 on the Securities and Exchange Commission's Form 10-Q because of the investigation, leading it to receive a notice of filing delinquency from Nasdaq in May.
4. Dentsply Sirona said preliminary findings show its net sales and adjusted earnings per share improved from the first quarter, but net sales declined compared to the second quarter of last year.
5. The dental supplier added that it expects to report net sales of greater than $1 billion, a diluted EPS of at or above $0.26 and adjusted EPS at or above $0.60 for the second quarter of 2022.