Revenue during the quarter surged 48.49 percent to $996.50 million from $671.10 million in the previous year period. Gross margin for the quarter contracted 149 basis points over the previous year period to 54.34 percent. Total expenses were 86.53 percent of quarterly revenues, up from 86.13 percent for the same period last year. That has resulted in a contraction of 41 basis points in operating margin to 13.47 percent.

Operating income for the quarter was $134.20 million, compared with $93.10 million in the previous year period.

However, the adjusted operating income for the quarter stood at $206.40 million compared to $128.70 million in the prior year period. At the same time, adjusted operating margin improved 154 basis points in the quarter to 20.71 percent from 19.18 percent in the last year period.

Jeffrey T. Slovin, Dentsply Sironas chief executive officer commented: "In 2016 we completed our historic merger to create Dentsply Sirona, The Dental Solutions CompanyTM. Our integration is on track and our ability to deliver on strategic objectives and capture synergies enabled us to overcome dealer inventory reduction in the fourth quarter related to a change in distribution strategy in North America. We accelerated growth in the fourth quarter, led by Dental and Healthcare Consumables growth of 3.5% and finished at the upper end of our guidance range with adjusted EPS of $2.78."

For fiscal year 2017, the company expects diluted earnings per share to be in the range of $2.80 to $2.90 on adjusted basis.

Cash flow from investing activities was $60 million from investing activities during the year as against cash outgo of $54.90 million in the last year. It has incurred net capital expenditure of $121.10 million on net basis during the year, up 406.69 percent or $97.20 million from year ago.

The company has spent $526.20 million cash to carry out financing activities during the year as against cash outgo of $302.90 million in the last year period.

Cash and cash equivalents stood at $383.90 million as on Dec. 31, 2016, up 34.89 percent or $99.30 million from $284.60 million on Dec. 31, 2015.

Working capital increases sharply
DENTSPLY SIRONA Inc. has recorded an increase in the working capital over the last year. It stood at $1,111.60 million as at Dec. 31, 2016, up 54.24 percent or $390.90 million from $720.70 million on Dec. 31, 2015. Current ratio was at 2.44 as on Dec. 31, 2016, down from 2.51 on Dec. 31, 2015.

Days sales outstanding went up to 29 days for the quarter compared with 27 days for the same period last year.

Days inventory outstanding was almost stable at 52 days for the quarter, when compared with the last year period.