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DENTSPLY (XRAY) Beats Q1 Earnings on Strong Sales

DENTSPLY SIRONA Inc XRAY is one of the leading worldwide manufacturers’ dental consumables, dental laboratory products, dental specialty products and consumable medical device products.

Post DENTSPLY-SIRONA merger, the business has been organized into two reporting segments: Dental & Healthcare Consumables and Technologies.

Currently, this York, PA- based company carries a Zacks Rank #4 (Sell) but that could change following its first quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: DENTSPLY reported adjusted earnings of 69 cents per share, which beat the Zacks Consensus Estimate by 6 cents and increased almost 17% on a year-over-year basis.
 
Revenues: DENTSPLY’s net sales increased 17.7% year over year to $772.6 million, also beating the Zacks Consensus Estimate of $752 million. Sales (excluding precious metals) of the combined businesses grew 6.5% at constant currency (cc) exchange rates.

Key Stats: Dental and Healthcare Consumables grew 3.9% at cc, while Technologies grew 9.6% in the quarter.

Major Factors: Adjusted operating margin expanded nearly 370 basis points (bps) on a year -over -year basis to 22.5%, reflecting stringent cost control.

DENTSPLY bought back $500 million of stock and increased dividend by 7% during the quarter.

Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.

Check back later for our full write up on this DENTSPLY earnings report later!
 

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DENTSPLY SIRONA (XRAY): Free Stock Analysis Report
 
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