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Sirona Dental Beats Estimates, Boosts Fiscal 2010 Guidance (SIRO) - 2/8/2010 7:23:29 AM

02/08/2010-Sirona Dental Systems (NASDAQ:SIRO) reported fiscal Q1 EPS of $0.55, topping consensus estimates of $0.53.

Revenues for the quarter rose 19.5% year-over-year to $214.8 million, beating consensus estimates of $201.3 million.

The company expects to achieve revenue growth at the higher end of its fiscal 2010 guidance range of 4% to 6%. Operating income excluding amortization expense is expected to be in the range of $170 to $176 million, compared to the previous range of $166 million to $176 million.

Chairman, President & CEO, Jost Fischer commented, "We are pleased with our exceptionally strong performance in the first quarter. Sirona's top line growth was driven by our recent innovative product launches and our technologically advanced product portfolio. The bottom line benefited from robust sales growth, margin expansion, expense management initiatives and deleveraging. We are pleased with our results and are confident in the prospects of our business."


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