DENTSPLY SIRONA Q4 Earnings Call Highlights

• Q4 gross was $961 million and the institution took a $144 million non‑cash goodwill/intangible impairment, portion full‑year income fell to $3.68 billion adjacent arsenic adjusted EBITDA borderline expanded to 18.1%.

• Dentsply Sirona launched a 24‑month "Return‑to‑Growth" program that increases R&D and commercialized investment, includes a restructuring expected to unlock astir $120 million annually, and eliminated the dividend to prioritize indebtedness simplification and eventual stock repurchases.

• For 2026 absorption guided income of $3.5–3.6 billion (‑3% to ‑1% operational) and adjusted EPS of $1.40–1.50, expecting affirmative sequential momentum successful H2 and a trader displacement to drop‑ship with astir $30 million of inventory sell‑through successful H1.

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• Dentsply Stock is Repricing Itself

DENTSPLY SIRONA (NASDAQ:XRAY) executives told investors connected the company’s fourth-quarter 2025 net telephone that 2025 marked a twelvemonth of organizational changes and that absorption is present focused connected executing a 24-month “Return-to-Growth” enactment program successful 2026, centered connected lawsuit focus, accelerated innovation, improved execution, and superior allocation changes.

Interim CFO Mike Pomeroy said the institution finished 2025 with fourth-quarter gross of $961 million, a 6.2% reported summation and 2.5% constant-currency growth. Foreign speech provided a 370-basis-point tailwind to income versus the prior-year quarter, portion the 4th besides benefited from prior-year comparisons that included a one-time Byte lawsuit refund and distributor pre-buys related to an ERP implementation.

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Adjusted EBITDA borderline successful the 4th was 14.1%, down 10 ground points twelvemonth implicit year. Pomeroy said margins were pressured by a 300-basis-point diminution successful gross nett driven by little volume, income mix, and tariffs. He cited an astir $15 million tariff interaction to gross nett successful the quarter.

Adjusted net per stock were $0.27, up $0.01 from the prior-year period.

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During the quarter, the institution recorded a $144 cardinal non-cash, net-of-tax charge related to the impairment of goodwill and different intangible assets wrong the CTS and OIS segments. Pomeroy said the impairment was chiefly driven by the impacts of tariffs and measurement declines, partially reflecting competitory pressures.

Operating currency travel for the 4th was $101 million, and escaped currency travel was $60 million. The institution ended the 4th with $326 million successful currency and currency equivalents and a nett debt-to-EBITDA ratio of 3.0%. The institution paid $32 million successful dividends during the quarter, bringing full-year 2025 dividends to $128 million.