Earnings release
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● Dentsply Sirona Dentsply Sirona Reports Second Quarter 2021 Results Revenue increased 117.3 % to $ 1,067 million . Organic revenue increased 104.6 % GAAP EPS increased to $ 0.45 vs loss of ( $ 0.44 ) in 2020 Non - GAAP EPS increased to $ 0.71 vs loss of ( $ 0.18 ) in 2020 GAAP operating income increased to $ 155 million vs loss of ( $ 104 ) million in 2020 Non - GAAP operating income increased to $ 219 million vs loss of ( $ 42 ) million in 2020 Operating cash flows increased to $ 214 million vs $ 175 million in 2020 Reaffirm FY21 Non - GAAP EPS outlook of $ 2.75 to $ 2.90 Charlotte , N.C. , August 5 , 2021 DENTSPLY SIRONA Inc. ( " Dentsply Sirona " or the " Company " ) ( Nasdaq : XRAY ) today announced its financial results for the second quarter of 2021 . THE DENTAL SOLUTIONS COMPANY ™ Second quarter net sales of $ 1,067 million increased 117.3 % , compared to $ 491 million in the second quarter of 2020. Net income for the second quarter of 2021 was $ 99 million , or $ 0.45 per diluted share , compared to a net loss of ( $ 95 ) million , or ( $ 0.44 ) per diluted share in the second quarter of 2020. Non GAAP net earnings per diluted share increased to $ 0.71 compared to ( $ 0.18 ) in the second 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 . " Our second - quarter performance closes out a strong first half of the fiscal year , " said Dentsply Sirona Chief Executive Officer Don Casey . " Our financial results reflect the resilience of the dental market and demonstrate our team's ability to execute operationally and financially . As we turn our attention to investing for future growth , we are confident that the underlying fundamentals of our business are strong and that we are well positioned . Additionally , we remain committed to completing our restructuring goals on time and on budget . " Q2 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 Q2 21 1,067 155 14.5 % 0.45 Q2 20 491 ( 104 ) ( 21.2 % ) ( 0.44 ) YoY 117.3 % NM NM