Medtech layoffs are picking up as 2024 draws to a close. Sean Whooley, Associate Editor, and Chris Newmarker, Editor-in-Chief The medical device industry is closing out the year with a fresh round of layoffs. At this point, MassDevice has reported on more than 22,000 medtech job cuts across the industry since mid-2022. (Have a tip […]
Dentsply Sirona
Dentsply Sirona suspends sales and marketing for Byte aligners
Dentsply Sirona (Nasdaq:XRAY) announced that it voluntarily suspended sales and marketing for its Byte aligners and impression kits. As of midday trading, XRAY shares were down more than 4% to $23.32 apiece. The suspension comes amid a review of certain regulatory requirements related to these products. Charlotte, North Carolina–based Dentsply said it made the decision […]
Dentsply Sirona’s CFO resigns, search for replacement begins
Dentsply Sirona announced today that EVP and CFO Glenn Coleman intends to resign from his position at the company. Coleman’s resignation, effective Nov. 7, 2024, precedes a move to an executive position at another publicly traded company. He originally joined Dentsply about two years ago after serving as CFO and COO over eight years at […]
Dentsply Sirona names former NuVasive CEO as board chair
Dentsply Sirona (Nasdaq:XRAY) announced today that it appointed Gregory T. Lucier as chair of its board, effective Jan. 1, 2024. The appointment of Lucier falls in line with the company’s planned succession process and commitment to periodic board refreshment. Lucier also becomes a member of the board’s corporate governance and nominating committee when his appointment […]
Dentsply Sirona beats The Street in Q2, raises guidance
Dentsply Sirona reported Street-beating Q2 results and upped its full-year guidance, citing solid performance across its business segments. The Charlotte, North Carolina–based dental products and equipment company yesterday evening reported a net income of $86 million, or 40¢ per share, on sales of $1.028 billion for the three months ended June 30, 2023. Earnings were […]
Dentsply Sirona stock down despite Street-beating Q1, raised guidance
Dentsply Sirona (Nasdaq:XRAY) shares fell today despite first-quarter results that came in ahead of the consensus forecast. Shares of XRAY fell 2.9% at $40.88 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.4%. The Charlotte, North Carolina-based dental equipment and supplies […]
Dentsply Sirona beats The Street in Q4 results
Dentsply Sirona this week announced fourth-quarter results that beat the overall consensus on Wall Street. The Charlotte, N.C.-based company reported net losses of $15 million, or -7¢ per share, on sales of $983 million, for the three months that ended December 31, 2022. It had a sales loss of 10.88% compared with Q4 2022 and […]
Dentsply Sirona to lay off up to 10% of workforce in restructuring effort
Dentsply Sirona (Nasdaq:XRAY) announced a cost-saving restructuring plan that includes layoffs of up to 10% of its employees. Charlotte, North Carolina-based Dentsply plans to reduce its global workforce by 8% to 10% as part of its plan. The dental equipment maker’s most recent headcount had 15,000 employees, meaning the cuts could affect as many as […]
Dentsply Sirona stock dips on Q3 misses, lowered guidance
Dentsply Sirona (Nasdaq:XRAY) shares took a slight hit today on third-quarter results that came up shy of the consensus forecast. The Charlotte, North Carolina-based dental equipment and supplies maker posted losses of $1.1 billion in the quarter. That amounts to $5.01 per share on sales of $947 million for the three months ended Sept. 30, […]
Dentsply Sirona says former top execs didn’t intentionally do wrong
Dentsply Sirona (Nasdaq: XRAY) announced today that its board’s audit committee found no evidence of intentional wrongdoing or fraud on the part of its former CEO or CFO. The dental tech company fired former CEO Don Casey in April. Previous CFO Jorge Gomez soon left his new job at Moderna. Former BD executive Simon Campion is now […]
Dentsply Sirona has a new CFO
Dentsply Sirona (Nasdaq: XRAY) has hired a new CFO as its board looks to wrap up an internal investigation into past financial practices. Over the past eight years, Glenn Coleman has been CFO and then COO at Integra Lifesciences. Dentsply Sirona announced yesterday evening that Coleman will start as the dental tech company’s chief financial […]