NYSE$NVST

Envista Holdings Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Envista delivered a strong quarter with core sales growth and adjusted EBITDA margin.

Envista Holdings Corporation reported a 3.9% increase in sales to $631.1 million for the third quarter of 2022, with core sales growth of 4.9%. Net income was $49.6 million, or $0.28 per diluted share, while adjusted net income was $82.5 million, or $0.47 per diluted share. The company is reiterating its guidance for core growth and profitability for the full year 2022.

  • Reported sales increased 3.9% to $631.1 million with core sales growth of 4.9%.
  • Net income was $49.6 million or $0.28 per diluted share.
  • Adjusted net income was $82.5 million or $0.47 per diluted share.
  • Adjusted EBITDA was $127.6 million.

Headline financials

Total Revenue

$631M

Previous: $607M+3.9%
EPS (adj)

$0.47

Previous: $0.45+4.4%
Total Core Sales Growth

4.9%

Previous: 10.2%-52.0%
Capital Expenditures

-$58.8M

Previous: -$46M-27.8%
Free Cash Flow

-$11.2M

Previous: $46.9M-123.9%
Net Income

$47.6M

Previous: $92.9M-48.8%
Operating Income

$74.5M

Previous: $81.7M-8.8%
Gross Profit

$365M

Previous: $356M+2.4%
Cash & Equivalents

$569M

Previous: $639M-11.0%
Total Assets

$6.41B

Previous: $6.56B-2.3%
Stock-Based Comp

$7.3M

Previous: $7.3M+0.0%

Revenue & EPS history

Envista · Revenue · Quarterly

$631M

Q3 2022+3.9%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Envista · $631M total across 2 segments · Q3 2022

  • Specialty Products & Technologies
    $395M+8.8%
  • Equipment & Consumables
    $236M-3.4%

Forward guidance

Envista is reiterating its guidance for core growth and profitability for the full year 2022.

Tailwinds

  • Expect core sales to grow mid-single digits for 2022.
  • Deliver adjusted EBITDA margin of 20% for the full year.

Headwinds

  • Persistent inflationary pressures
  • Continued supply chain disruptions
  • Uncertain geopolitical environment

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 Q3 2022

Historical avgQ3 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

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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