Key Developments: Sirona Dental Systems Inc (SIRO.OQ)
72.30USD
1 Aug 2013
$1.70 (+2.41%)
$70.60
$70.84
$72.63
$70.82
242,743
158,422
$75.78
$42.12
Latest Key Developments (Source: Significant Developments)
Sirona Dental Systems Inc Raises FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance
Sirona Dental Systems Inc announced that for fiscal 2013, it expects constant currency revenue growth at 10% to 12% (previously 9% to 11%), and non-GAAP adjusted earnings per share (EPS) in the range of $3.36 to $3.43 (reflecting growth of approximately 11% to 13%, compared to previous guidance of $3.33 to $3.43). The Company reported revenue of $979.35 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.08 billion for fiscal 2013. Full Article
Sirona Dental Systems Inc Announces Appointment Of Chief Executive Officer And Non-Executive Chairman
Sirona Dental Systems Inc announced that Jeffrey T. Slovin has become Chief Executive Officer (CEO) in accordance with the succession plan previously announced on November 16, 2012. Also as part of that plan, Mr. Thomas Jetter, a Director, has become non-executive Chairman. Mr. Jost Fischer has retired from the positions of Chairman and CEO. Full Article
Sirona Dental Systems Inc Reaffirms FY 2013 Guidance
Sirona Dental Systems Inc announced that it continues to anticipate fiscal 2013 constant currency revenue growth to be in the range of 9% to 11%, and EPS on a non-GAAP adjusted basis in a range of $3.33 to $3.43 (reflecting growth of approximately 10% to 13%). Full Article
Faruqi & Faruqi, LLP Launches An Investigation Against Sirona Dental Systems Inc For Potential Violations Of State Laws By Directors
Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of Sirona Dental Systems Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for an advisory vote on compensation of the Company`s named executive officers. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Sirona Dental Systems Inc. For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Sirona Dental Systems Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an advisory vote on compensation of the Company’s named executive officers. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 22, 2013, the Board of Directors recommends that Sirona Dental’s shareholders vote to approve an advisory vote on compensation of the Company’s named executive officers as disclosed in the Proxy Statement. Full Article
Sirona Dental Systems Inc and Patterson Expand Technology Relationship with Pacific Dental Services
Sirona Dental Systems Inc announced that Sirona and Patterson Dental have extended and expanded their technology partnership with Pacific Dental Services, Inc. (PDS). Pacific Dental Services, Inc. supports over 300 dental practices in California, Arizona, Nevada, Colorado, New Mexico, Utah, Oregon, and Texas. As a group, PDS-supported offices have implemented Sirona's CEREC technology system and are the world's largest network of CEREC users having completed over 500,000 CEREC restorations to date. In addition to facilitating the use of CEREC equipment for its affiliated practices, PDS will recommend that its affiliated practices implement other Sirona technologies including Schick by Sirona intraoral sensors, Sirona Lasers and Sirona extraoral panoramic imaging devices. Full Article
Sirona Dental Systems Inc Announces Succession Plan
Sirona Dental Systems Inc announced that Board of Directors has unanimously approved a succession plan for the Chief Executive Officer of the Company. Effective February 20, 2013, Jeffrey T. Slovin will be promoted to Chief Executive Officer. Mr. Slovin, will succeed Jost Fischer. As of February 20, 2013, Mr. Fischer will retire and relinquish his positions as CEO and Chairman of the Board. Thomas Jetter, a current member of Sirona's Board of Directors, will assume the role of Non-Executive Chairman of the Board upon Mr. Fischer's retirement. Effective, as part of the succession plan, Rainer Berthan is promoted to Executive Vice President responsible for the Company's business segments. Full Article
Sirona Dental Systems Inc Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Sirona Dental Systems Inc announced that for fiscal 2013, it expects constant currency revenue growth to be in the range of 9% to 11%, and EPS on a non-GAAP adjusted basis in a range of $3.33 to $3.43. The Company reported revenue of $979 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.03 billion and EPS of $3.37 for fiscal 2013. Full Article
Sirona Dental Systems, Inc. Raises FY 2012 Revenue Guidance; Narrows FY 2012 Operating Income
Sirona Dental Systems, Inc. announced that it anticipates fiscal 2012 constant currency revenue growth to be in the range of 8% to 10% (previously at the upper-end of the announced guidance range of 6% to 8%). Operating income plus amortization is now expected to be in the range of $228 to $232 million (previously $227 to $234 million). The Company reported revenue of $913.87 million in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $956.48 million for fiscal 2012. Full Article
Sirona Dental Systems, Inc. Expands Exclusive Distribution Agreement with Patterson Companies, Inc
Sirona Dental Systems, Inc. announced that it has expanded its exclusive distribution agreement with Patterson Companies, Inc. The existing agreements have been amended with immediate effect and now include all Sirona products for the US market. All US dealers that were supporting Sirona as of June 1, 2012 may continue to order and receive equipment until September 1 of this year. Spare parts for these dealers may be ordered indefinitely. Full Article

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