NYSE$NVST

Envista Holdings Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Envista's financial performance was impacted by the COVID-19 pandemic, but the company experienced sequential improvement in sales each month and implemented cost reduction measures.

Envista Holdings Corporation reported a net loss of $93.5 million, or $0.59 per share, for Q2 2020. Adjusted net loss was $16.3 million, or $0.10 per diluted share. Sales for the quarter were $362.0 million, a 49.2% decrease compared to the same period year-over-year, with core sales declining 46.2%.

  • Net loss was $93.5 million, or $0.59 per share, while adjusted net loss was $16.3 million, or $0.10 per diluted share.
  • Sales for the second quarter were $362.0 million, a 49.2% decrease year-over-year.
  • Core sales declined 46.2% over the same period.
  • Cost reduction programs are tracking ahead of plan.

Headline financials

Total Revenue

$362M

Previous: $712M-49.2%
EPS (adj)

-$0.10

Previous: $0.48-120.8%
Total Core Sales Growth

-46.2%

No prior period
Capital Expenditures

-$21.4M

Previous: $26.5M-180.8%
Free Cash Flow

-$115M

Previous: $95.2M-220.7%
Net Income

-$93.5M

Previous: $61.5M-252.0%
Operating Income

-$108M

Previous: $75.9M-242.2%
Gross Profit

$151M

Previous: $394M-61.8%
Cash & Equivalents

$822M

No prior period
Total Assets

$6.67B

No prior period

Revenue & EPS history

Envista · Revenue · Quarterly

$362M

Q2 2020-49.2%vs Q2 2019
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

Envista · $362M total across 2 segments · Q2 2020

  • Specialty Products & Technologies
    $185M
  • Equipment & Consumables
    $177M

Forward guidance

Envista is not providing guidance for 2020 due to the uncertainties surrounding the current operating environment and the unknown duration of the COVID-19 global health pandemic.

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 Q2 2020

Historical avgQ2 2020

-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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