For the quarter (end-December 31), net sales totaled $1.091 billion, an increase of 9.5% compared with $996.5 million in the fourth quarter of 2016. For the year, the company reported sales of more than $3.993 billion, a 6.6% increase from $3.745 billion in 2016.
Dentsply Sirona reported a net loss for the quarter of $673.4 million, compared with net income of $107.0 million in the same quarter of 2016. For the year, the company reported a net loss of $1.573 billion, compared with a net income of $429.9 million the previous year.
The company's net loss for the quarter is a result of a noncash goodwill impairment charge of $581.0 million and asset impairment charge of $266.9 million. The 2017 net loss is the result of a noncash impairment charge of approximately $1.674 billion for impairment of goodwill and an asset impairment charge of $346.7 million. The charges are not expected to have any impact on its liquidity or cash flow, according to Dentsply Sirona.
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