NYSE$NVST

Envista Holdings Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Envista's Q1 2024 results were announced, revealing a challenging quarter with ongoing investments to accelerate growth and drive profitability.

Envista Holdings Corporation reported first quarter 2024 sales of $623.6 million, with a net income of $23.6 million, or $0.14 per diluted share. Core sales increased by 0.4%. The company is focusing on improving Spark margins, accelerating the North American implant business, and optimizing the operating structure.

  • Core sales increased by 0.4% compared to the same quarter in 2023.
  • Net income for the quarter was $23.6 million, or $0.14 per diluted share.
  • The Spark business continues to perform, growing double digits and expanding margins.
  • The value implant business returned to growth, and the consumables business stabilized.

Headline financials

Total Revenue

$624M

Previous: $627M-0.6%
EPS

$0.14

Previous: $0.38-63.2%
Adjusted EBITDA Margin

14.0%

No prior period
Operating Cash Flow

$40.30

No prior period
Adjusted Gross Profit

$358.00

No prior period
Adjusted Operating Profit

$77.60

No prior period
Adjusted Net Income

$45.80

No prior period
Adjusted EBITDA

$87.20

No prior period
Capital Expenditures

-$11M

Previous: -$17.5M+37.1%
Free Cash Flow

$12.6M

Previous: $26.3M-52.1%
Net Income

$23.6M

Previous: $43.8M-46.1%
Operating Income

$48.1M

Previous: $72.1M-33.3%
Gross Profit

$356M

Previous: $363M-1.8%
Cash & Equivalents

$949M

Previous: $585M+62.1%
Total Assets

$6.56B

Previous: $6.58B-0.3%
R&D Expense

$23.3M

No prior period
Stock-Based Comp

$11M

Previous: $15M-26.7%

Revenue & EPS history

Envista · Revenue · Quarterly

$624M

Q1 2024-0.6%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Envista · $631M total across 2 segments · Q3 2023

  • Specialty Products & Technologies
    $400M+1.0%
  • Equipment & Consumables
    $232M-1.7%

Forward guidance

Envista remains focused on improving Spark margins, accelerating its North American implant business, and optimizing its operating structure using the Envista Business System.

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 2024

Historical avgQ1 2024

-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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