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Jun 28, 2024
Envista Q2 2024 Earnings Report
Reported a net loss due to a non-cash charge related to the impairment of goodwill and intangible assets, while taking steps to reposition the company for improved future performance.
Key Takeaways
Envista reported Q2 2024 sales of $633.1 million with a net loss of $1,151.6 million, which included a $1,153.8 million non-cash charge. Core sales declined by 3.2%. The company is taking steps to improve future performance, including hiring a permanent CFO and Presidents for its two largest businesses, while making growth investments in its highest-margin businesses.
Reported sales were $633.1 million.
Core sales declined 3.2%.
Net loss was $1,151.6 million or $6.69 per share, including a $1,153.8 million non-cash charge.
Adjusted net income was $18.5 million or $0.11 per diluted share.
Revenue by Segment
Forward Guidance
For the full year 2024, Envista expects core sales to decline between 1% and 4% and adjusted EBITDA margins of between 10% - 12%. They expect further decline in Q3, before returning to growth in Q4.
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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