Earnings release
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● Dentsply Sirona Dentsply Sirona Reports Third Quarter 2021 Results Revenue increased 19.4 % to $ 1,069 million . Organic revenue increased 21.1 % GAAP EPS increased to $ 0.47 vs $ 0.25 in 2020 Non - GAAP EPS increased to $ 0.68 vs $ 0.67 in 2020 GAAP operating income increased to $ 159 million vs $ 82 million in 2020 Non - GAAP operating income increased to $ 216 million vs $ 197 million in 2020 Operating cash flow decreased to $ 172 million vs $ 207 million in 2020 FY21 Non - GAAP EPS outlook range raised to $ 2.87 to $ 2.92 THE DENTAL SOLUTIONS COMPANY ™ Charlotte , N.C. , November 4 , 2021 - DENTSPLY SIRONA Inc. ( " Dentsply Sirona " or the " Company " ) ( Nasdaq : XRAY ) today announced its financial results for the third quarter of 2021 . Third quarter net sales of $ 1,069 million increased 19.4 % , compared to $ 895 million in the third quarter of 2020. Net income for the third quarter of 2021 was $ 103 million , or $ 0.47 per diluted share , compared to $ 53 million , or $ 0.25 per diluted share in the third quarter of 2020. Non - GAAP net earnings per diluted share increased to $ 0.68 compared to $ 0.67 in the third 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 . " In the third quarter we delivered strong results in an environment still impacted by the pandemic . Organic sales grew over 21 % , driven by continued recovery in the dental market and robust demand from our recent product launches . Our teams have also done a commendable job navigating supply chain bottlenecks to deliver products to our customers , " said Don Casey , Chief Executive Officer . " In the quarter , we continued to accelerate investments in new products and software that will drive both short and long - term growth . " Q3 21 Summary Results ( GAAP ) ( in millions , except per share amount and percentages ) Net Sales Operating Income ( loss ) Operating Income ( loss ) % Diluted EPS * Percentages are based on actual values and may not recalculate due to rounding . Q3 21 1,069 159 14.9 % 0.47 Q3 20 895 82 9.1 % 0.25 YoY 19.4 % 94.6 % 90.8 %