Dentsply Sirona reports Q3 adjusted EPS 41c, consensus 57c

Reports Q3 revenue $947M, consensus $1.03B. "Our third quarter results reflect continued macroeconomic headwinds, including foreign currency impacts, global supply chain challenges, and regional softness in the U.S. and China. Despite the challenges this quarter, we were encouraged by double-digit growth in clear aligners, solid performance in Europe, and continued strong demand for Imaging equipment," said Simon Campion, Chief Executive Officer. "We are not satisfied with third quarter results, however this quarter marks an important turning point as we enter our company’s next chapter. We have initiated a comprehensive review of our entire business in order to improve our execution, build a winning portfolio, and return the Company to growth. Dentsply Sirona has great products and solutions, a healthy innovation pipeline, and we are committed to charting a path forward which delivers better and more consistent results for our shareholders."