NYSE$NVST

Envista Holdings Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an increase in sales and net income, driven by a robust recovery in the dental market and strong execution.

Envista reported strong first-quarter results with sales of $709.2 million, a 29.6% increase year-over-year. Core sales grew by 29.7%. Net income was $71.7 million, or $0.41 per diluted share, while adjusted net income was $95.4 million, or $0.54 per diluted share.

  • Sales increased by 29.6% compared to the same period year-over-year.
  • Core sales for the first quarter increased by 29.7% over the prior year.
  • Net income was $71.7 million, or $0.41 per diluted share.
  • Adjusted net income was $95.4 million, or $0.54 per diluted share.

Headline financials

Total Revenue

$709M

Previous: $547M+29.6%
EPS (adj)

$0.54

Previous: $0.03+1700.0%
Total Core Sales Growth

0.3%

Previous: -14.6%+102.0%
Capital Expenditures

-$8.3M

Previous: -$13.6M+39.0%
Free Cash Flow

$63.4M

Previous: -$30.8M+305.8%
Net Income

$71.7M

Previous: -$17.2M+516.9%
Operating Income

$108M

Previous: -$25M+533.2%
Gross Profit

$397M

Previous: $278M+42.7%
Cash & Equivalents

$441M

Previous: $354M+24.8%
Total Assets

$6.32B

Previous: $6.24B+1.3%
Stock-Based Comp

$6.4M

No prior period

Revenue & EPS history

Envista · Revenue · Quarterly

$709M

Q1 2021+29.6%vs Q1 2020
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Revenue by segment

Envista · $709M total across 2 segments · Q1 2021

  • Specialty Products & Technologies
    $367M+34.4%
  • Equipment & Consumables
    $343M+24.8%

Forward guidance

Envista will discuss its quarterly results and provide an outlook for 2021 during an investor conference call today starting at 2:00 P.M. PT.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

-0.8%

Avg return

30 days after

48%

16 / 33 earnings

Positive

+17.8%

Q4 2025

Best reaction

-9.7%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-10.3%-14.7%
Q4 2025+17.8%+22.5%+8.7%
Q3 2025-0.2%+0.0%+3.8%
Q1 2025+3.8%+3.1%+11.8%
Q4 2024+5.9%+2.2%-10.4%
Q3 2024+11.6%+13.3%+18.6%
Q2 2024+4.7%+2.9%+10.7%
Q1 2024+0.7%-3.2%-1.6%
Q4 2023-8.5%-7.0%-13.4%
Q3 2023-8.7%-8.3%+2.7%
Q2 2023+0.8%+2.8%-4.8%
Q1 2023-6.4%-7.1%-12.0%
Q4 2022-3.0%-3.5%-9.8%
Q3 2022+2.8%+3.4%+4.0%
Q2 2022+1.3%+1.4%-11.3%
Q1 2022+7.5%+5.4%+6.2%
Q4 2021+8.7%+8.0%+3.9%
Q3 2021+5.4%+6.1%-3.9%
Q2 2021-7.5%-6.1%+0.3%
Q1 2021+2.1%+3.1%-4.1%
Q4 2020+2.2%+3.6%+4.7%
Q3 2020+7.8%+9.9%+20.4%
Q2 2020-3.8%+0.4%+5.2%
Q1 2019-9.7%-8.9%+10.7%
Q1 2020-9.7%-8.9%+10.7%
Q4 2019-6.5%-8.1%-19.8%
Q4 2018-3.2%+5.3%-5.9%
Q4 2017-3.2%+5.3%-5.9%
Q3 2018-3.2%+5.3%-5.9%
Q3 2019-3.2%+5.3%-5.9%
Q2 2019-3.2%+5.3%-5.9%
Q2 2018-3.2%+5.3%-5.9%
Q1 2018-3.2%+5.3%-5.9%

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