April 16, 2013
The scheduled Baird Equity Research trend report has been issued following the CDA meeting in Anaheim last week, and just like March’s report, Wall Street seems to be confident about the dental technology industry in the U.S. Using terms like “good enough,” analysts aren’t overly excited about first quarter earnings, but they are encouraged by the end of the quarter bringing up January and February, which proved to be a lifeless start to 2013.
The CDA report supports the analysis outlined in the March report: domestic dental trends are stable. Highlights of this point include:
- Stable dental consumables demand in 1Q vs. 4Q 2012
- CDA feedback for dental equipment was slightly more positive
- The tax-incentive pull-forward for Henry Schein Dental “sounds slightly bigger than we realized,” so growth projection for 1Q is being trimmed from +7.5% to +4%
- Omnicam feedback remained strong at CDA
- Competitive noise on the CAD/CAM front continued to grow at CDA
For a more comprehensive report and explanations of what analysts saw at CDA, see the PDF of Medical Technology: CDA Highlights Stable Domestic Dental Trends.
More Baird reports:
Medical Technology: March Dental Survey - Showing Signs of Life
IDS 2013 Recap; DI and CAD/CAM Take Center Stage
Lauren Burns is the editor of Proofs magazine and the email newsletters RDH Graduate and Proofs. She is currently based out of New York City. Follow her on Twitter: @ellekeid.
