DENTSPLY SIRONA, Inc. (XRAY) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

August 3, 2023 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and thank you for standing by. Welcome to the Dentsply Sirona Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Andrea Daley; Vice President of Investor Relations.

Andrea Daley

Thank you, operator, and good morning, everyone. Welcome to the Dentsply Sirona Second Quarter 2023 Earnings Call. Joining me for today’s call is Simon Campion, Chief Executive Officer, and Glenn Coleman, Chief Financial Officer.

I’d like to remind you that an earnings press release and slide presentation related to the call are available in the Investors section of our website at www.dentsplysirona.com. Additionally historical financial data for our new segment is also available on our website.

Yesterday, we announced that the company identified a material weakness in internal control over financial reporting, which did not result in a material misstatement of the company’s previously issued financial statements. For more information, refer to Item 801 of the company’s current report on Form 8-K filed on August 2, 2023.

Before we begin, please take a moment to read the forward-looking statements in our earnings press release. During today’s call, we may make certain predictive statements that reflect our current views about the future performance and financial results. We base these statements and certain assumptions and expectations on future events that are subject to risks and uncertainties. Our most recently filed Form 10-K and any updating information in subsequent SEC filings lists some of the most important risk factors that could cause actual results to differ from our predictions.

Additionally on today’s call, our remarks will be based on non-GAAP financial results. We believe that non-GAAP financial measures provide investors with useful supplemental information about financial performance of our business, enable the comparison of financial results between periods where certain items may vary independently our business performance and allow for greater transparency with respect to key metrics used by management in operating our business. Please refer to our press release for the reconciliation between GAAP and non-GAAP results. Comparisons provided are to the prior year quarter unless otherwise noted. A webcast replay of today’s call will be available on the Investor section of the company’s website following the call.