Dentsply Sirona (NSDQ:XRAY) reported second-quarter earnings today that beat the consensus forecast on Wall Street and raised its outlook for the rest of the year. The York, Penn.-based company reported profits of $36.4 million, or 0.16¢ per diluted share, on sales of $1.01 billion for the three months ended June 30, 2019. For the second […]
Report: “Unglamorous” medtech outshines biopharma in 2019
Medtech merger and acquisition deal announcements slowed in the first half of 2019, but the industry got a boost from Verily’s $1 billion round of funding — the largest ever for a medtech firm. The Verily round was twice the size of the biggest-ever VC deal for a biotech company, according to the Vantage Half-Year […]
Cutera snags Vyaire Medical’s Mowry for CEO | Personnel Moves, July 9, 2019
Cutera (NSDQ:CUTR) said today that it snagged Vyaire Medical CEO David Mowry to be its new CEO, effective immediately. The aesthetic device maker in January fired president & CEO James Reinstein after the company missed expectations for its 2018 top line, naming COO Jason Richey as interim chief executive. Mowry led Tornier to a $3.3 billion […]
Dentsply Sirona inks $116m private placement in Japan
Dentsply Sirona (NSDQ:XRAY) this week inked a private placement deal with Japanese investors that’s worth about $116.4 million. The ¥12.6 billion offering consists of Series W 0.99% senior notes due in 2031, which are slated for issue Sept. 25. The York, Pa.-based dental products giant said it plans to use the proceeds to refinance existing […]
Dentsply Sirona shares rise on Q1 EPS, sales beat
Shares in Dentsply Sirona (NSDQ:XRAY) are rising today after the dental-focused medical device maker beat expectations on Wall Street with its first quarter earnings results. The York, Penn.-based company posted profits of $39.2 million, or 17¢ per share, on sales of $946.2 million for the three months ended March 31, seeing profits shrink 51.7% while sales […]
Carbon debuts dental technology platform
3D printing company Carbon unveiled an integrated technology platform for the dental market this week at the International Dental Show in Cologne, Germany. The platform combines software, hardware and materials in an end-to-end solution designed to meet the needs of dental and orthodontic labs and enable them to scale quickly and economically, according to the Redwood […]
Dentsply Sirona shares rise on Street-beating Q4, 2018 preliminary earnings
Shares in Dentsply Sirona (NSDQ:XRAY) rose today after the dental-focused device maker released preliminary fourth quarter and full year 2018 earnings results that topped expectations on Wall Street. The York, Penn.-based company said that it expects to post net sales of approximately $1.06 billion and non-GAAP earnings per share of 58¢ for its fourth quarter, ahead […]
Dentsply Sirona announces partnership with Carbon for 3D printed dentures
Dentsply Sirona (NSDQ:XRAY) and 3D printing company Carbon have forged a partnership in which Dentsply will provide denture materials for use on Carbon systems. The Dentsply Sirona denture materials for Carbon digital manufacturing solutions will be available later this year in the U.S., the companies said today. Carbon’s 3D printers are based on its proprietary 3D printers […]
Dentsply announces workforce reductions & restructuring plan, posts Q3 miss
Dentsply Sirona (NSDQ:XRAY) today announced restructuring plans that will eliminate 6% to 8% of its workforce as the company looks to reduce costs alongside releasing third quarter earnings that missed Wall Street expectations. The York, Penn.-based company said that its management team has “conducted an extensive diagnosis of the market” over the past six months and […]
Dentsply Sirona shares fall as Q2 earnings show growing losses
Shares in Dentsply Sirona (NSDQ:XRAY) have significantly fallen today after the medical device maker posted second quarter earnings results that met expectations on Wall Street but showed growing losses. The York, Penn.-based company posted losses of $1.12 billion, or 4.98¢ per share, on sales of $1.04 billion for the three months ended June 30, seeing losses […]
Dentsply Sirona shares down despite Street-beating Q1
Shares in Dentsply Sirona (NSDQ:XRAY) have fallen today despite the dental-focused medical device maker posting first quarter 2018 earnings that topped consensus on Wall Street. The York, Penn.-based company posted profits of $81.2 million, or $59.8 million per share, on sales of $956.1 million for the three months ended March 31, for bottom-line growth of 35.8% […]
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