Revenue and Guidance Maintained
Q1 revenue of $880 million (as-reported +0.1% vs. prior year quarter). Company maintained full-year 2026 guidance of net sales $3.5B–$3.6B and adjusted EPS $1.40–$1.50, indicating management confidence in the return-to-growth plan.
Improved Operating Cash Flow and Deleveraging
Operating cash flow improved to $40 million in Q1 vs. $7 million a year ago. Cash and cash equivalents finished at $190 million, net debt to EBITDA was 3.3x, and the company retired approximately $79–$80 million of debt during the quarter, prioritizing debt reduction.
Early Cost Savings from Restructuring
Return-to-growth restructuring remains on track for $120 million of annual savings; early proof points include an approximate $20 million reduction in operating expenses in Q1 and a constant-currency OpEx decline of $20 million.
Innovation and Product Launches
Started commercial rollout of multiple new products: SmartView Detect (AI-enabled diagnostic aid) which increased detection sensitivity by ~46% in clinical evaluation; FDA clearance of dental-dedicated MRI; Reciproc Minima file system and X-Smart Go cordless endomotor; Sureti launches (female adoption expanding, male version launched). R&D spend increased year over year to support innovation.
Selective Segment & Regional Strengths
Wellspect Healthcare grew +3.4% on a constant currency basis (EMEA +4%). SureSmile saw +11% growth in EMEA. Company cited double-digit growth in parts of APAC and EDS (regionally) as quarter highlights and noted bright spots such as increased demand for mills in the U.S.
Expanded Distribution and Commercial Traction
Signed multiple distributor agreements (four new distributor agreements year-to-date), including an expanded agreement with Atlanta Dental Supply (connected tech portfolio added Aug 1). Early traction included Benco installing its first CEREC system under a new agreement ahead of schedule.