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
Layoffs in medtech: These companies recently reduced their workforce
The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
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 […]
Dentsply Sirona launches laptop-based version of Primescan
Dentsply Sirona (Nasdaq:XRAY) announced today that it is launching new products and services, including the new Primescan Connect. The company said in a news release that it expects the product launches to “bring dentistry to a new level.” Primescan Connect is a laptop-based version of the company’s cart-based Primescan intraoral scanner. It is powered by […]
Another C-level executive leaves Dentsply Sirona
Dentsply Sirona (Nasdaq:XRAY) announced that SVP and chief commercial officer Walter Petersohn is leaving the company. Petersohn’s departure comes among a slew of exits as Dentsply handles an internal investigation into its financial practices. The Charlotte, North Carolina–based dental products and technologies company is investigating its use of incentives to sell products to distributors during […]
Dentsply Sirona taps BD executive as new CEO
Simon Campion will be the new CEO of Dentsply Sirona (Nasdaq:XRAY) as it wraps up an internal investigation into potentially iffy financial practices. Campion will join the Dentsply Sirona board on Sept. 12, according to a news release out yesterday. He takes over for interim CEO John Groetelaars, the former Hillrom CEO who has led […]
