Dentsply Sirona beats Q1 top and bottom line estimates; raises FY23 outlook

• Dentsply Sirona press release (NASDAQ:XRAY): Q1 Non-GAAP EPS of $0.39 beats by $0.05.
• Revenue of $978M (+1.3% Y/Y) beats by $39.84M.
• Outlook: Raising low-end of FY23 net sales outlook by $50 million to a new range of $3.90 billion to $3.95 billion, and flat to up 2% on an organic sales basis and low-end of organic sales growth outlook by 100 basis points vs. consensus of $3.93B.
• Raising low-end of FY23 adjusted EPS outlook by $0.05 to a new range of $1.85 to $2.00 vs. consensus of $1.89.