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Jul 03, 2020
Envista Q2 2020 Earnings Report
Envista's financial performance was impacted by the COVID-19 pandemic, but the company experienced sequential improvement in sales each month and implemented cost reduction measures.
Key Takeaways
Envista Holdings Corporation reported a net loss of $93.5 million, or $0.59 per share, for Q2 2020. Adjusted net loss was $16.3 million, or $0.10 per diluted share. Sales for the quarter were $362.0 million, a 49.2% decrease compared to the same period year-over-year, with core sales declining 46.2%.
Net loss was $93.5 million, or $0.59 per share, while adjusted net loss was $16.3 million, or $0.10 per diluted share.
Sales for the second quarter were $362.0 million, a 49.2% decrease year-over-year.
Core sales declined 46.2% over the same period.
Cost reduction programs are tracking ahead of plan.
Revenue by Segment
Forward Guidance
Envista is not providing guidance for 2020 due to the uncertainties surrounding the current operating environment and the unknown duration of the COVID-19 global health pandemic.
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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