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Oct 01, 2021
Envista Q3 2021 Earnings Report
Envista's financial performance for Q3 2021 reflected sales growth and profitability.
Key Takeaways
Envista Holdings Corporation reported an 11% increase in sales to $607.3 million and a core sales growth of 10.2% for the third quarter of 2021. Net income was $80.2 million, or $0.45 per diluted share, while adjusted earnings per diluted share was $0.45. The company raised its financial guidance for the year, projecting sales between $2.475 and $2.500 billion and adjusted EBITDA between $480 and $495 million.
Sales increased by 11% to $607.3 million with core sales growth of 10.2% over Q3 2020.
Net income for the third quarter was $80.2 million, or $0.45 per diluted share.
Adjusted earnings per diluted share was $0.45, compared to $0.40 in the same period in 2020.
The company raised its full-year sales guidance to $2.475 - $2.500 Billion and adjusted EBITDA to $480 - $495 Million.
Revenue by Segment
Forward Guidance
Envista is raising its financial guidance for continuing operations for the year.
Positive Outlook
- Sales are expected to be between $2.475 and $2.500 Billion.
- Adjusted EBITDA is projected to be between $480 and $495 Million.
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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