DENTSPLY SIRONA Inc Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Brandon Vazquez - William Blair & Company L.L.C., Research Division - Analyst : First, I just wanted to ask about -- or sorry, clear Aligners. And where are you guys seeing the most success? Maybe what channels specifically -- I'm curious if you could talk a little bit about what is it about your technology that is able to allow you to deliver these fewer refinements and shorter treatment times compared to the competition?

Question: Brandon Vazquez - William Blair & Company L.L.C., Research Division - Analyst : Got it. And then can I go back to China for a second. If you look at -- I know you had a big exposure more to the private side of that market. Are price cuts spilling into the private side at all. I think we've heard a little bit of mix reviews on that. I know you guys kind of happy with volume increases to help offset these price declines? Like how are volume growth trends looking relative to your expectations, especially as we move through into the back half of the year?

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : So first on here just on the visibility that you have in the customers' CapEx budget. You've spoken a fair amount today about the caution you have around equipment and instrumentation. So can you just walk us through the conversations you're having with customers? And at this point, do you expect CapEx budgets to be pressured into 2024. And then as a follow-up, you flagged some strength in equipment and instrumentation within Canada. So can you just talk about what drove the strength there relative to the U.S. and Europe.

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : And then maybe a quick one here on Clear Aligner. As you noted that SureSmile and Byte grew double digits in the quarter. So can you just walk us through how much of that performance in Clear Aligners has been driven by greenfield wins versus brownfield?