NYSE$NVST

Envista Holdings Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Envista's financial performance aligned with expectations, showing early signs of positive impact from commercial and innovation investments.

Envista reported sales of $601.0 million. Net income was $8.2 million, or $0.05 per diluted share. Adjusted net income was $21.1 million, or $0.12 per diluted share. The company continues to expect a core sales growth of -1% to -4% for the full year 2024.

  • Reported sales were $601.0 million.
  • Core sales declined 5.3% over the corresponding quarter in 2023.
  • Net income was $8.2 million, or $0.05 per diluted share.
  • Adjusted net income was $21.1 million, or $0.12 per diluted share.

Headline financials

Total Revenue

$601M

Previous: $631M-4.8%
EPS

$0.05

Previous: $0.43-88.4%
Total Core Sales Growth

-5.3%

Previous: 0.8%-762.5%
Capital Expenditures

-$25.2M

Previous: -$50M+49.6%
Free Cash Flow

-$17M

Previous: -$28.5M+40.4%
Net Income

$8.2M

Previous: $21.5M-61.9%
Operating Income

$20.9M

Previous: $83.3M-74.9%
Gross Profit

$317M

Previous: $363M-12.7%
Cash & Equivalents

$991M

Previous: $824M+20.3%
Total Assets

$5.51B

Previous: $6.68B-17.6%
R&D Expense

$25.5M

No prior period
Stock-Based Comp

$9.8M

Previous: $6M+63.3%

Revenue & EPS history

Envista · Revenue · Quarterly

$601M

Q3 2024-4.8%vs Q3 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

For the full year 2024, the company continues to expect a core sales growth of -1% to -4%, and adjusted EBITDA margins between 10% and 12%. They expect to return to growth in the fourth quarter.

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 2024

Historical avgQ3 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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