NYSE$NVST

Envista Holdings Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Envista Holdings Corporation reported its financial results for the fourth quarter ended December 31, 2024, showing an increase in sales and operating cash flow, while net income decreased.

Envista Holdings Corporation reported Q4 2024 sales of $653 million, a 2.0% increase in core sales over Q4 2023. The company achieved an adjusted EBITDA margin of 13.9% and generated $132 million in operating cash flow, an increase of 30% compared to the prior year.

  • Sales for Q4 2024 reached $652.9 million, up from $645.6 million in Q4 2023.
  • Core sales increased by 2.0% over the fourth quarter of 2023.
  • Adjusted EBITDA margin was 13.9%, consistent with expectations.
  • Operating cash flow increased by 30% to $132.4 million, and free cash flow increased by 24% to $123.9 million compared to Q4 2023.

Headline financials

Total Revenue

$653M

Previous: $646M+1.1%
EPS (adj)

$0.24

Previous: $0.29-17.2%
Total Core Sales Growth

6.5%

Previous: -1.5%+533.3%
Adjusted EBITDA Margin

13.9%

Previous: 15.6%-10.9%
Operating Cash Flow

$132M

No prior period
Adjusted Gross Profit

$373M

No prior period
Adjusted Operating Profit

$81.5M

No prior period
Adjusted Net Income

$41.1M

No prior period
Adjusted EBITDA

$91M

No prior period
Capital Expenditures

-$8.6M

Previous: -$8.2M-4.9%
Net Income

$1.2M

Previous: -$217M+100.6%
Operating Income

$46.1M

Previous: -$203M+122.7%
Gross Profit

$373M

Previous: $336M+10.9%
R&D Expense

$26.7M

No prior period

Revenue & EPS history

Envista · Revenue · Quarterly

$653M

Q4 2024+1.1%vs Q4 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 2025, Envista expects core sales growth of 1% to 3%, adjusted EBITDA margins of approximately 14%, and adjusted earnings per share ranging between $0.95 and $1.05.

Tailwinds

  • Core sales growth projected between 1% to 3%.
  • Adjusted EBITDA margins expected to be approximately 14%.
  • Adjusted earnings per share forecasted between $0.95 and $1.05.

Headwinds

  • No forward-looking estimates on a GAAP basis are provided due to estimation difficulties.
  • The company does not reconcile forward-looking non-GAAP measures to comparable GAAP measures.
  • Inherent difficulty in predicting future impact and timing of currency translation.
  • Uncertainty regarding future acquisitions and discontinued products.
  • Potential adjustments that would be reflected in any forecasted GAAP measure are not included.

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 2024

Historical avgQ4 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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