Sirona Dental Systems, Inc. (SIRO) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, September 30, 2015

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Sirona Dental Systems, Inc.
Ticker: SIRO CIK: 1014507

Exhibit 99.1

Sirona Reports Fiscal 2015 Fourth Quarter and Full Year Results

Fourth quarter revenues of $304.9 million, up 18.0% local currency^* and 5.1% reported compared to prior year.

Fourth quarter diluted earnings per share of $0.80 on a GAAP basis compared to $0.76 in the prior year. Fourth quarter non-GAAP adjusted EPS^* of $1.12, up 20.4% compared to $0.93 in the prior year.

On September 15, 2015, Sirona and DENTSPLY International Inc. entered into an Agreement and Plan of Merger expected to close in the first calendar quarter of 2016.

Long Island City, New York, November 20, 2015 – Sirona (Nasdaq: SIRO), the dental technology leader, today announced its financial results for the quarter and year ended September 30, 2015.

Fourth Quarter Fiscal 2015 vs. Fourth Quarter Fiscal 2014 Financial Results

Revenue was $304.9 million, an increase of $14.9 million or up 5.1% (and up 18.0% on a local currency basis). In local currencies, internally generated sales increased 14.1% and acquisition growth was 3.9%. The Company's business segments performed as follows: Instruments increased 15.9% (up 35.1% on a local currency basis), CAD/CAM Systems increased 11.1% (up 23.2% on a local currency basis with internally generated sales growth of 12.2% and acquisition growth of 11.0%), Imaging Systems increased 2.2% (up 11.5% on a local currency basis), and Treatment Centers decreased 4.8% (up 11.7% on a local currency basis).

Revenue in the United States increased 34.2% and revenues outside the United States decreased 4.4% (up 12.6% local currency). U.S. revenues generated internal sales growth of 18.4% driven by strong demand for our CAD/CAM Systems and Imaging products and acquisition growth of 15.8%. Sales growth in international markets was driven by strength in Europe and tender business in the Middle East.

Gross profit was $166.9 million, up $7.0 million. Gross profit margin was 54.7% in the fourth quarter of Fiscal 2015, compared to 55.1% in the prior year. The change in gross profit margin as a percent of sales was mainly driven by product and regional sales mix.

^* Non-GAAP adjusted EPS and local currency growth and results are non-GAAP financial measures that exclude certain items. Please refer to “Reconciliation of GAAP and non-GAAP Information (unaudited)” in the attached exhibits for a description of these items.

The following information was filed by Sirona Dental Systems, Inc. (SIRO) on Friday, November 20, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Sirona Dental Systems, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Sirona Dental Systems, Inc..

Continue

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1014507/000157104915009485/t1502747_10k.htm