Dentsply Sirona Inc (NASDAQ:XRAY) leaped into the heavens as the trading week ended, on announced bright new financial results for the three months ended March 31, 2019.
The company, based in York, Pa., reported net sales of $946.2 million declined 1.0% in the first quarter of 2019 and were up 3.9% on an internal sales growth basis. In the United States, revenues increased by 7.4% and were up 6.4% on an internal basis.
Rest of World revenues declined 0.8% on a reported basis but increased 8.1% on an internal sales growth basis. European revenues declined 7.0% with foreign exchange accounting for 6.7% of the European revenue decline. On an internal sales growth basis, European revenues declined by 0.1%.
Net income attributable to Dentsply Sirona for the first quarter of 2019 was $39.2 million, or $0.17 per diluted share, compared $81.2 million, or $0.35 per diluted share in the first quarter of 2018. On an adjusted basis, excluding certain items, non-US GAAP net earnings per diluted share were $0.49 compared to $0.45 in the first quarter of 2018.
Said CEO Don Casey. "Our first quarter results clearly demonstrate that Dentsply Sirona is beginning to benefit from the comprehensive restructuring program that we put in place in November 2018 and we are confident that the program will continue to drive significant value for our shareholders as we move forward."
Stocks soared $3.45, or 6.7%, to greet Friday’s closing bell at $54.95.
