Sirona Dental Systems Q1 Profit Increases; Backs FY15 Outlook - Quick Facts

(RTTNews) - Sirona Dental Systems Inc. (SIRO) reported that its net income attributable to the compny for the first quarter of 2015 increased to $46.0 million, or $0.82 per share, from $44.2 million, or $0.79 per share in the prior year period.

Non-GAAP adjusted earnings per share for the first quarter of 2015 was $0.96, the same as the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue was $293.0 million, a decrease of $5.7 million or down 1.9%. It was up 3.8% on a local currency basis. Wall Street expected revenues of $291.44 million for the quarter.

Revenue in the United States increased 1.6% benefitting from strength in Imaging while facing a difficult year-over-year comparison due to last year's high deliveries of Omnicam trade-up units.

The company reiterated guidance of fiscal 2015 local currency revenue growth of 6% to 8% and non-GAAP adjusted earnings per share in the range of $3.95 to $4.05, reflecting growth of approximately 8% to 10%. Wall Street currently is looking for fiscal year 2015 earnings of $4.01 per share on annual revenues of $1.20 billion.