Henry Schein (NSDQ:HSIC) shares ticked up this morning on fourth-quarter results that topped the consensus forecast. The Melville, New York-based company posted profits of $147.2 million, or $1.05 per share, on sales of $3.3 billion for the three months ended Dec. 25, 2021, for a 3.2% bottom-line gain on sales growth of 5.2%. Adjusted to […]
Dental
Envista posts Street-beating Q4
Envista (NYSE:NVST) shares ticked up before hours today on fourth-quarter results that topped the consensus forecast. The Brea, California-based dental technology company posted profits of $85.8 million, or 48¢ per share, on sales of $651.8 million for the three months ended Dec. 31, 2021, for a 20.8% bottom-line slide on sales growth of 5.8%. Adjusted […]
Align Technology settles patent infringement, antitrust suits with 3Shape
Align Technology (Nasdaq: ALGN) has settled its five-year legal dispute with Denmark-based dental scanner and software maker 3Shape. The settlement, announced yesterday, covers 3Shape’s patent infringement claims pending in federal courts in Delaware and eastern Texas. 3Shape also had an antitrust claim pending against Align in Delaware District Court, and both companies had petitions to […]
Zimmer Biomet misses on Q4 results, announces expected ZimVie spinoff completion date
Zimmer Biomet (NYSE: ZBH) shares took a hit today on fourth-quarter results that just missed the consensus forecast. The ortho device giant has been wrestling with the effects of the COVID-19 omicron variant on sales. It is also managing unanticipated developments in the product tenders that are part of China’s ongoing centralization of its medical […]
Align Technology posts Street-beating Q4 on record-breaking revenues
Align Technology (NSDQ:ALGN) shares dipped slightly today despite fourth-quarter results that topped the consensus forecast. The Tempe, Arizona-based dental technology company posted profits of $191 million, or $2.40 per share, on sales of $1.031 billion for the three months ended Dec. 31, 2021, for a 20.1% bottom-line gain on sales growth of 23.6%. Align’s revenue […]
Zimmer Biomet’s ZimVie spinnoff moves forward
Zimmer Biomet (NYSE: ZBH) announced today that it has filed a Form 10 registration statement with the SEC as it moves forward with the spinoff of its spine and dental businesses. The new 2,600-employee company will be called ZimVie, with headquarters in Westminster, Colorado. There is no exact date of when the deal will close […]
FDA clears Biolase’s laser-assisted microfluidic irrigation device
Biolase (NSDQ:BIOL) and EdgeEndo announced today that the FDA granted 510(k) clearance to the EdgePRO system. EdgePRO offers endodontists a cleaning and disinfection alternative within root canal procedures as a laser-assisted, microfluidic irrigation device. Biolase built the EdgePRO platform upon its patented laser technology for debridement, cleaning and disinfection through the removal of infected tissue, […]
Henry Schein CFO is retiring, replacement named
Henry Schein (Nasdaq:HSIC) today announced its chief financial officer Steven Paladino will retire later this year and that Ronald South will replace him. Paladino’s is set to retire on April 29 after 35 years with the Melville, N.Y.-based dental supplier. He will remain a member of the board of directors and will become an adviser […]
FDA clears Nobel Biocare’s N1 implant system
Envista (NYSE:NVST) announced today that the FDA cleared the Nobel Biocare N1 implant system of instruments, prosthetic components and surgical protocols. The N1 system includes an implant designed for immediate placement and predictable insertion torques, providing a trioval conical connection for the abutment to slide into place. Additionally, the system has an emergence profile designed […]
SmileDirectClub CFO stepping down
SmileDirectClub (NSDQ:SDC) this week announced that chief financial officer Kyle Wailes has resigned to pursue a CEO position at a healthcare company. Wailes will remain in his role through March 1, 2022, to support the transition of responsibilities. He will continue to own a significant amount of equity in the clear teeth aligner company. “On behalf […]
Dentsply Sirona beats The Street in Q3 results
Dentsply Sirona (NSDQ:XRAY) posted third-quarter results this week that beat the overall consensus on Wall Street. The Charlotte, N.C.-based company reported profits of $103 million, or 47¢ per share, on sales of $1.07 billion for the three months ended September 30, for a bottom-line gain of 94.3% on sales growth of 19.44% compared with Q3 2020. […]