NYSE$NVST

Envista Holdings Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Envista reported an increase in sales and net income for the fourth quarter of 2020.

Envista Holdings Corporation reported a net income of $108.4 million, or $0.64 per diluted share, for the fourth quarter of 2020. Sales for the quarter were $732.3 million, a 1.6% increase compared to the same period year-over-year. Core sales increased by 3.4%.

  • Delivered 3.4% core sales growth.
  • Increased free cash flow by 8.5%.
  • Adjusted EBITDA increased by 23%.
  • Repaid $472 million of bank term debt and amended its credit agreement.

Headline financials

Total Revenue

$732M

Previous: $721M+1.6%
EPS (adj)

$0.56

Previous: $0.52+7.7%
Total Core Sales Growth

3.4%

Previous: -3.5%+197.1%
Capital Expenditures

$13.1M

Previous: $15.9M-17.6%
Free Cash Flow

$186M

Previous: $171M+8.5%
Net Income

$108M

Previous: $56M+93.6%
Operating Income

$96.8M

Previous: $78M+24.1%
Gross Profit

$389M

Previous: $389M-0.2%
Cash & Equivalents

$889M

Previous: $211M+320.9%
Total Assets

$6.88B

Previous: $6.16B+11.7%
Stock-Based Comp

$22.6M

Previous: $18.4M+22.8%

Revenue & EPS history

Envista · Revenue · Quarterly

$732M

Q4 2020+1.6%vs Q4 2019
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

Envista · $732M total across 2 segments · Q4 2020

  • Equipment & Consumables
    $389M-0.7%
  • Specialty Products & Technologies
    $343M+4.4%

Forward guidance

Envista believes it is stronger than ever entering 2021 and positioned well for enhanced performance.

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 Q4 2020

Historical avgQ4 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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