Dentsply Sirona (NSDQ:XRAY) posted first-quarter results today that beat the overall consensus on Wall Street. The Charlotte, N.C.-based dental equipment manufacturer reported profits of $117 million, or 53¢ per share, on sales of $1.027 billion for the three months ended March 31, versus a loss of –$140 million, or –63¢ per share, off sales of $874 […]
Dentsply Sirona
8 medical device companies that beat the COVID-19 pandemic and prospered
Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
Dentsply Sirona skyrockets on Street-beating Q4
Dentsply Sirona (NSDQ:XRAY) shares soared this morning on fourth-quarter results that easily topped the consensus forecast. XRAY shares were up 13.7% at $60.35 per share in mid-morning trading today. The Charlotte, N.C.-based dental solutions company posted profits of $99 million, or 45¢ per share, on sales of $1.1 billion for the three months ended Dec. 31, […]
MedTech 100 roundup: Industry skyrockets as hot streak continues
The medtech industry’s seemingly unstoppable rise over the past several weeks shows no signs of slowing down. For the fourth time in five weeks, and for the third consecutive week, the MassDevice MedTech 100 Index — which includes stocks of the world’s largest medical device companies — hit an all-time high. Previous highs have largely been […]
Dentsply acquires Byte clear aligners for $1.04B
Dentsply Sirona (NSDQ:XRAY) announced that it acquired clear dental aligner maker Byte in an all-cash deal worth $1.04 billion. According to a news release, Byte possesses a leadership position in the direct-to-consumer clear aligner market, which Dentsply can now add to its SureSmile clear aligner business while strengthening its connection with dental professionals to drive growth. […]
Dentsply Sirona names chief accounting officer
Dentsply Sirona recently announced that it appointed Ranjit Chadha as chief accounting officer, effective August 31. Chadha will be responsible for the company’s filings with the Securities and Exchange Commission. He replaces Jorge Gomez, who will become the company’s executive VP and chief financial officer. Chadha most recently served as senior VP of corporate financial […]
Moody’s lowers its medical device industry earnings forecast
Medical device industry earnings will remain flat over the next 12 to 18 months as people hold off on medical procedures amid the COVID-19 pandemic and resulting recession, according to a new report from Moody’s. Moody’s had previously projected of 2–4% annual growth. “While underlying positive trends remain, including ongoing innovation and favorable longterm demographics, […]
MedTech 100 roundup: Stocks open strong in May
Medtech stocks took a dip as April came to a close, but opened May with a strong week as the COVID-19 pandemic continues to affect the economy. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 83.98 points at the end of last week (May 8). That […]
Dentsply Sirona drops despite Street-beating Q1
Dentsply Sirona (NSDQ:XRAY) shares dipped today despite preliminary first-quarter results that topped the consensus forecast. The Charlotte, N.C.-based company posted losses of -$139.9 million, or -63¢ per share, on sales of $874.3 million for the three months ended March 31, 2020, for a bottom-line slide from profits of $39.2 million this time last year on a […]
How will coronavirus affect medtech companies that rely on elective surgeries?
One thing is likely to hurt some medtech companies more than others during the coronavirus pandemic: an elective surgical procedure slowdown. This thought had begun to emerge last week among industry watchers, but a pair of tweets over the weekend gained thousands of “likes” and retweets. The American College of Surgeons called for hospitals to […]
