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● Dentsply Sirona Dentsply Sirona Reports First Quarter 2021 Results Revenue increased 17.5 % to $ 1,027 million . Organic revenue increased 12.1 % GAAP EPS increased to $ 0.53 vs loss of ( $ 0.63 ) in 2020 Non - GAAP EPS increased 67.4 % to $ 0.72 vs $ 0.43 in 2020 GAAP operating income increased to $ 154 million vs loss of ( $ 125 ) million in 2020 Non - GAAP operating income increased 67.2 % to $ 219 million vs $ 131 million in 2020 Operating cash flows increased to $ 49 million vs loss of ( $ 10 ) million in 2020 Raises FY21 Non - GAAP EPS outlook to $ 2.75 to $ 2.90 from $ 2.60 to $ 2.80 Charlotte , N.C. , May 6 , 2021 - DENTSPLY SIRONA Inc. ( “ Dentsply Sirona " or the " Company " ) ( Nasdaq : XRAY ) , The Dental Solutions Company , today announced its financial results for the first quarter of 2021 . First quarter net sales of $ 1,027 million increased 17.5 % , compared to $ 874 million in the first quarter of 2020. Net income for the first quarter of 2021 was $ 117 million , or $ 0.53 per diluted share , compared to a net loss of $ 140 million , or ( $ 0.63 ) per diluted share in the first quarter of 2020. On an adjusted basis Non - GAAP net earnings per diluted share grew 67.4 % to $ 0.72 compared to $ 0.43 in the first quarter of 2020. A reconciliation of the Non - GAAP measures to earnings per share calculated on a GAAP basis is provided in the attached table . Don Casey , Chief Executive Officer , commented " We are pleased with our strong first quarter performance . The global dental market has demonstrated resilience with attractive underlying fundamentals . As a result , we are cautiously optimistic about the continued recovery in the category . We remain committed to executing on our restructuring goals while increasing focus on investing for revenue growth . Our revised 2021 outlook reflects confidence in our team's ability to execute on growth initiatives and capitalize on the recovery . " Q1 21 Summary Results ( GAAP ) ( in millions , except per share amount and percentages ) Net Sales Operating Income ( loss ) Operating Income ( loss ) % Diluted EPS NM - not meaningful THE DENTAL SOLUTIONS COMPANY ™ Q1 21 Summary Results ( Non - GAAP ) [ 1¹ ] ( in millions , except per share amount and percentages ) Net Sales Organic Sales Growth % Operating Income Operating Income % Diluted EPS Q1 21 1,027 154 15.0 % 0.53 Q1 21 1,027 219 21.3 % 0.72 Q1 20 874 ( 125 ) ( 14.3 % ) ( 0.63 ) Q1 20 874 131 15.0 % 0.43 YoY 17.5 % NM NM YoY 17.5 % 12.1 % 67.2 % 67.4 %