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Mar 31, 2023
Envista Q1 2023 Earnings Report
Envista's financial performance was marked by a sales decrease and challenges in core sales, alongside strategic advancements.
Key Takeaways
Envista reported a decrease in sales by 0.7% to $627.2 million, with core sales declining by 2.4%. Net income stood at $43.8 million, or $0.25 per diluted share, while adjusted net income was $67.8 million, or $0.38 per diluted share. The company is focused on long-term strategic priorities, expecting growth acceleration and margin expansion throughout 2023.
Sales decreased by 0.7% to $627.2 million, with core sales down by 2.4%.
Net income was reported at $43.8 million, or $0.25 per diluted share.
Adjusted net income reached $67.8 million, or $0.38 per diluted share.
The company continues to focus on strategic priorities including growth acceleration and margin expansion.
Revenue by Segment
Forward Guidance
Envista expects growth to accelerate and operating margins to expand throughout 2023, supported by the Envista Business System (EBS) and a customer-centric focus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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