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Jun 30, 2023
Envista Q2 2023 Earnings Report
Reported sales increased, core sales saw growth, and adjusted EBITDA margin expanded.
Key Takeaways
Envista Holdings Corporation reported a 2.6% increase in sales to $662.4 million for Q2 2023. Core sales grew by 2.1%. Net income was $51.9 million, or $0.29 per diluted share, while adjusted net income was $76.2 million, or $0.43 per diluted share. The company reaffirmed its full-year guidance for 2023.
Delivered a solid quarter with core growth of 2.1% and an adjusted EBITDA margin of 19.1%.
Equipment & Consumables segment returned to growth, driven by strong performance in consumables and DEXIS IOS businesses.
Spark continues to deliver strong growth in the Specialty Products & Technologies segment, offsetting the impact of US sanctions on Russia and a slowdown in higher-end specialty procedures.
Adjusted EBITDA margin expanded sequentially by 90 bps and is expected to further expand in the second half of 2023.
Revenue by Segment
Forward Guidance
Envista is positioned to deliver its full year guidance for 2023.
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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