Dentsply Sirona Initiates The Second Phase Of Restructuring Plan, The Company Expects To Incur $40M-$50M In Non-recurring Charges, Which Will Be Expensed In 2024 And 2025. $80M-$100M Annualized Cost Savings Expected Over Next 12 To 18 Months
Portfolio Pulse from Benzinga Newsdesk
Dentsply Sirona has initiated the second phase of its restructuring plan, expecting to incur $40M-$50M in non-recurring charges, which will be expensed in 2024 and 2025. The company anticipates $80M-$100M in annualized cost savings over the next 12 to 18 months.
July 31, 2024 | 10:04 am
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Dentsply Sirona has initiated the second phase of its restructuring plan, expecting to incur $40M-$50M in non-recurring charges, which will be expensed in 2024 and 2025. The company anticipates $80M-$100M in annualized cost savings over the next 12 to 18 months.
The restructuring plan indicates a strategic move to improve operational efficiency and reduce costs. While the non-recurring charges may impact short-term earnings, the anticipated cost savings are likely to positively affect the company's financial health and stock price in the medium term.
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