Dentsply Sirona Reports Second Quarter 2017 Results

Published: Aug 09, 2017

YORK, Pa., Aug. 09, 2017 (GLOBE NEWSWIRE) -- DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (NASDAQ:XRAY), The Dental Solutions Company™, today announced its financial results for the three months ended June 30, 2017.

Second Quarter 2017 Financial Results

Reported net sales for the three month period ended June 30, 2017 were $992.7 million, a decline of 2.9% compared to $1,022.0 million in the second quarter of 2016. For the three month period ended June 30, 2017, net sales, excluding precious metals, declined 1.0% on a constant currency basis and internal growth1 was negative 3.6% as compared to the second quarter of 2016, which based on the Company’s estimate was unfavorably impacted by approximately $19 million2 ($14 million in the United States, $2 million in Europe and $3 million in Rest of World), or 190 basis points, as a result of quarter-over-quarter changes in net equipment inventory levels at certain distributors in North America and Europe that the Company believes is related to the transition in distribution strategy in North America3.

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