NYSE$NVST
Envista Holdings Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Envista's first quarter results for 2022 reflected a solid performance amid a challenging macro environment.
Envista reported a 3.1% increase in sales to $631.4 million, with a core sales growth of 5.4%. Net income was $70.4 million, or $0.39 per diluted share, while adjusted net income was $84.9 million, or $0.47 per diluted share. The company also completed the acquisition of Carestream Dental’s Intraoral Scanner (IOS) business.
- Sales increased by 3.1% to $631.4 million, with core sales growth of 5.4%.
- Net income reached $70.4 million, or $0.39 per diluted share.
- Adjusted net income was $84.9 million, or $0.47 per diluted share.
- Adjusted EBITDA was $124.6 million, representing a margin of 19.7%.
Headline financials
Revenue & EPS history
Envista · Revenue · Quarterly
$631M
Revenue by segment
Envista · $631M total across 2 segments · Q1 2022
- Specialty Products & Technologies$397M+8.3%62.9%
- Equipment & Consumables$234M-31.6%37.1%
Forward guidance
Envista expects the newly branded DEXIS IOS business to deliver between $35 - $45 million in sales over the balance of 2022. They expect sales in the second quarter to be between $5 - $10 million with sales accelerating significantly throughout 2022. For the rest of our business, there is no change to our previous guidance. We expect to deliver core sales growth of between 6% - 8% for the full year 2022. We also expect our adjusted EBITDA margin to be greater than 20% for the full year. For the second quarter, we expect to deliver mid-single digit core sales growth and achieve an adjusted EBITDA margin in the high teens.
Tailwinds
- DEXIS IOS business expected to deliver $35 - $45 million in sales over the balance of 2022.
- Sales in the second quarter expected to be between $5 - $10 million.
- Core sales growth expected between 6% - 8% for the full year 2022.
- Adjusted EBITDA margin expected to be greater than 20% for the full year.
- Mid-single digit core sales growth expected for the second quarter.
Headwinds
- Greater than $10 million in one-time costs expected to support the integration of DEXIS IOS.
- About half of the $10 million investment to be in the second quarter.
- Challenging macro environment
- Adjusted EBITDA for the first quarter of 2022 was $124.6 million compared to $132.3 million in the first quarter of 2021.
- Second quarter adjusted EBITDA margin expected in the high teens.
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 2022
-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
| Quarter | Report date | Reaction (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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