“We are not satisfied with third quarter results, however this quarter marks an important turning point as we enter our company’s next chapter,” Simon Campion, CEO of Dentsply Sirona said in a Nov. 14 news release. “We have initiated a comprehensive review of our entire business in order to improve our execution, build a winning portfolio and return the company to growth.”
Seven things to know:
1. Dentsply Sirona saw $947 million in net sales — an 8.9 percent decrease from the third quarter of 2021, when they racked up $1.04 billion.
2. The company saw a net loss of $1.07 billion, compared to $84 million during the third quarter of 2021.
3. Foreign currency translation negatively impacted sales by 8.2 percent.
4. The company’s adjusted earnings per diluted share decreased to $0.41, compared to $0.60 in the third quarter of 2021.
5. Dentsply Sirona’s operating cash flow was $109 million. Last year, it was $172 million.
6. The company saw $391 million in net consumable sales — down 8.7 from last year.
7. Dentsply Sirona saw $556 million in net technology and equipment sales — down 9 percent from last year.