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DENTSPLY SIRONA (XRAY)

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Earnings summaries and quarterly performance for DENTSPLY SIRONA.

Recent press releases and 8-K filings for XRAY.

Dentsply Sirona Outlines Return-to-Growth Plan and Strategic Priorities
XRAY
New Projects/Investments
Revenue Acceleration/Inflection
Management Change
  • Dentsply Sirona's CEO, Daniel Scavilla, detailed a return-to-growth plan aiming to increase R&D investment from 4% to 6% of sales and unlock $100 million from the P&L to fund commercial growth and innovation.
  • The plan prioritizes a U.S. business turnaround through commercial restructuring, verticalized sales teams, and expanded dealer networks, with expectations for sequential improvements in the second half of 2026 and positive sales growth in Q4 2026 for the company broadly.
  • Strategic investments will focus on the DS Core platform and areas like Implantology and Orthodontics, alongside doubling clinical education investment to $40 million annually.
  • The company plans to improve free cash flow by reducing inventory by 20% and expects a 26-28% tax rate in 2026, with a long-term target of 25% or less.
  • Dentsply Sirona retained its Wellspect business due to an undervalued bid and its contribution of 40% of annual cash flow, with plans for independent operation.
Jan 13, 2026, 11:00 PM
Dentsply Sirona Outlines Return-to-Growth Plan and 2026 Outlook at J.P. Morgan Healthcare Conference
XRAY
New Projects/Investments
Revenue Acceleration/Inflection
Management Change
  • CEO Daniel Scavilla, who joined five months ago, has initiated a comprehensive return-to-growth plan for Dentsply Sirona, focusing on customer-centricity, reigniting sustainable growth, empowering performance, scaling the organization, and delivering financial strength.
  • Key financial and operational initiatives include increasing R&D investment from its current 4% to 6% of P&L (or 7% cash basis) over the next 24 months, unlocking $100 million from the P&L to fund growth, and improving free cash flow by reducing inventory by 20%.
  • The company expects sequential improvements in the second half of 2026, with a target of positive sales growth in Q4 2026 and market growth in 2027, primarily driven by the turnaround of the US business.
  • Recent actions to support this plan include signing Benco as a new capital distributor, verticalizing the US commercial teams, and appointing Mark Bezjak to lead the US organization.
  • The Wellspect business, which contributes 40% of annual cash flow, was retained after a strategic review and is being managed independently with an independent board being established.
Jan 13, 2026, 11:00 PM
Dentsply Sirona Outlines Return-to-Growth Plan and Strategic Initiatives
XRAY
New Projects/Investments
Revenue Acceleration/Inflection
Management Change
  • CEO Dan Scavilla, who joined five months ago, outlined a five-pillar return-to-growth plan for Dentsply Sirona, addressing past underperformance and targeting market growth by 2027.
  • The plan includes doubling clinical education investment to $40 million annually and accelerating R&D spending from 4% to a target of 6% of sales on the P&L (7% cash basis) over the next 24 months.
  • Dentsply Sirona aims to unlock $100 million from the P&L to fund commercial growth and innovation, with a focus on turning around the U.S. business and expecting sequential improvements in the second half of 2026 and positive sales growth in Q4 2026.
  • Recent strategic actions include signing Benco as a new capital distributor, verticalizing U.S. commercial teams, and appointing Don Zurbay (former CEO of Patterson) to the board.
  • The company retained its Wellspect business, which contributes 40% of annual cash flow, and is targeting a 26-28% tax rate in 2026.
Jan 13, 2026, 11:00 PM
Dentsply Sirona Presents at J.P. Morgan Healthcare Conference
XRAY
New Projects/Investments
CFO Change
Board Change
  • Dentsply Sirona presented at the J.P. Morgan Healthcare Conference on January 13, 2026, detailing its Return-to-Growth Action Plan, which was initiated in November 2025.
  • The company operates in an attractive $33 billion market with a 3-4% Compound Annual Growth Rate (CAGR) and reported FY2024 sales by segment as 38% Essential Dental Solutions, 28% Connected Technology Solutions, 26% Orthodontic and Implant Solutions, and 8% Wellspect Healthcare.
  • The Return-to-Growth Action Plan aims to unlock +$100 million in P&L improvement and includes key accomplishments since Q3 2025 such as a distributor expansion agreement with Benco, the hiring of interim CFO Michael Pomeroy, and the appointment of Don Zurbay to the Board of Directors.
Jan 13, 2026, 11:00 PM
DENTSPLY SIRONA Inc. Amends Credit and Note Purchase Agreements
XRAY
Debt Issuance
Accounting Changes
  • DENTSPLY SIRONA Inc. amended its revolving credit facility and note purchase agreements on December 24, 2025, to revise financial covenants and introduce new restrictions.
  • The company established new Total Leverage Ratio covenants, which will not exceed 4.25 to 1.00 for the fiscal quarters ending December 31, 2025, through June 30, 2026, and will progressively tighten to 3.50 to 1.00 by September 30, 2027, and subsequent quarters.
  • New Senior Leverage Ratio covenants were also set, starting at 3.25 to 1.00 for the fiscal quarters ending December 31, 2025, through June 30, 2026, and reducing to 2.50 to 1.00 for September 30, 2027, and each quarter thereafter.
  • A new covenant was added that prohibits Restricted Payments, with specified exceptions.
  • The definition of EBITDA was modified to include specific addbacks for charges and expenses related to efficiency initiatives, with an aggregate limit of $75,000,000 for the period from December 31, 2025, through December 31, 2026, and an overall aggregate limit of $200,000,000.
Dec 31, 2025, 9:25 PM
Dentsply Sirona Reports Q3 2025 Results, Announces CFO Departure, and Outlines Growth Plan
XRAY
Earnings
CFO Change
New Projects/Investments
  • Dentsply Sirona reported Q3 2025 global sales of $904 million, a 5% decrease as reported, or negative 8% on a constant currency basis. Non-GAAP earnings per share was $0.37, down $0.13 versus the prior year, with approximately half the decline attributed to higher non-GAAP tax rates.
  • The company recorded a $263 million non-cash after-tax charge related to the impairment of goodwill and intangible assets.
  • Matt Garth, Chief Financial Officer, departed the company, with a transition plan in place to ensure continuity.
  • CEO Dan Scavilla outlined a "return-to-growth action plan" for the next 24 months, focusing on enhancing customer experience, reigniting the U.S. business through a multi-channel approach and dealer re-engagement, and increasing investments in sales teams and clinical education.
Nov 6, 2025, 1:30 PM
Dentsply Sirona (XRAY) Announces Q3 2025 Results and Revised 2025 Outlook
XRAY
Earnings
Guidance Update
Demand Weakening
  • Dentsply Sirona (XRAY) reported Q3 2025 net sales of $904 million, a 5.0% year-over-year decrease, and adjusted EPS of $0.37, a 26.5% decline from Q3 2024.
  • The adjusted EBITDA margin for Q3 2025 expanded by 50 basis points year-over-year to 18.4%, primarily due to reduced operating expenses.
  • The company revised its 2025 outlook downwards, now projecting constant currency sales to decline by (5%) to (4%), adjusted EBITDA margin to be greater than 18%, and adjusted EPS to be approximately $1.60.
  • Net sales were negatively impacted by a (5.5%) constant currency decrease from the Q3 2024 Byte impact and ERP pre-buy, with U.S. net sales declining (22.2%) in constant currency.
  • XRAY is executing a "Return-to-Growth Action Plan" to achieve sustained, profitable growth over the next 24 months, focusing on customer experience, U.S. business, and operational efficiency.
Nov 6, 2025, 1:30 PM
Dentsply Sirona Reports Q3 2025 Results, Revises FY25 Outlook, and Announces Leadership Changes
XRAY
Earnings
Guidance Update
Management Change
  • Dentsply Sirona reported net sales of $904 million for Q3 2025, representing a (5.0%) decrease as-reported compared to Q3 2024, and a GAAP net loss per share of ($2.14), with adjusted EPS of $0.37.
  • The company revised its FY25 outlook, projecting net sales in the range of $3.6 billion to $3.7 billion and adjusted EPS of approximately $1.60.
  • Operating cash flow for Q3 2025 was $79 million, a decrease from $141 million in Q3 2024.
  • Dentsply Sirona launched a "Return-to-Growth action plan" and announced leadership changes, including the departure of CFO Matt Garth and the appointments of Aldo Denti as Chief Commercial Officer and Dustin Shields as Chief Transformation Officer.
Nov 6, 2025, 1:15 PM
Global Dental Imaging Market Projected to Reach US$4.69 Billion by 2030
XRAY
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
  • The global dental imaging market, valued at US$3.26 billion in 2025, is projected to advance at a CAGR of 7.5% to reach US$4.69 billion by 2030.
  • This market expansion is driven by rapid technological advancements in imaging solutions, the integration of artificial intelligence (AI) for enhanced diagnostic accuracy, and a global increase in demand for aesthetic and preventive dental care.
  • DENTSPLY SIRONA Inc. is identified as a market leader, driving growth through R&D excellence, including the introduction of Primescan 2 and a partnership with Siemens Healthineers to launch the MAGNETOM Free.Max Dental Edition, an MRI system designed for dental applications.
  • While North America currently dominates the dental imaging market, the Asia Pacific region is projected to record the highest growth rate through 2030.
Oct 24, 2025, 2:30 PM
DENTSPLY SIRONA issues $550M subordinated notes and terminates bridge loan
XRAY
Debt Issuance
Jun 12, 2025, 12:00 AM