Core Viewpoint - DENTSPLY SIRONA is undergoing a significant transformation under new CEO Daniel T. Scavilla, focusing on a return to growth through a comprehensive action plan aimed at improving customer experience, operational efficiency, and financial performance. Financial Performance - For Q3 2025, global sales were $940 million, a decrease of 5% as reported and 8% on a constant currency basis, with adjusted EBITDA at 18.4%, up 50 basis points from the prior year [8][10] - Non-GAAP earnings per share for the prior year was $0.37, down $0.13, attributed to sales mix impacts and higher tax rates [9] - Cash from operations was $79 million, with an ending cash balance of $363 million [10] - The company recorded a $263 million non-cash after-tax charge related to goodwill and intangible asset impairment [10] Regional Sales Performance - US sales were $291 million, down 22.2% year-over-year, while European sales increased by 9.9% [12][13] - Sales in the Rest of World segment were $231 million, showing slight declines, with notable growth in Australia and India [13] Strategic Initiatives - The return to growth action plan consists of four key pillars: putting customers at the center, reigniting the US business, empowering people, and evolving operations [17] - The company aims to enhance customer experience by creating a global customer service organization and improving support for field-based employees [20][21] - A comprehensive plan is in place to strengthen the US commercial foundation, including aligning teams and enhancing decision-making processes [21][22] Leadership Changes - Matthew E. Garth, the former CFO, has departed the company, and a transition plan is in place to ensure continuity [6][7] - The company is actively searching for a new CFO who can leverage data for strategic decision-making [70] Future Outlook - The revised outlook for 2025 includes net sales in the range of $3.6 billion to $3.7 billion, with constant currency sales expected to decline by 5% to 4% year-over-year [16] - The company plans to increase investments in R&D and clinical education to support growth initiatives [47][74] Market Positioning - DENTSPLY SIRONA is focusing on strengthening its relationships with dealers and enhancing its direct sales approach, particularly in the implant market [58][81] - The company recognizes the need for improved training and presence in the market to better serve dental professionals [81]