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Sep 30, 2022
Envista Q3 2022 Earnings Report
Envista delivered a strong quarter with core sales growth and adjusted EBITDA margin.
Key Takeaways
Envista Holdings Corporation reported a 3.9% increase in sales to $631.1 million for the third quarter of 2022, with core sales growth of 4.9%. Net income was $49.6 million, or $0.28 per diluted share, while adjusted net income was $82.5 million, or $0.47 per diluted share. The company is reiterating its guidance for core growth and profitability for the full year 2022.
Reported sales increased 3.9% to $631.1 million with core sales growth of 4.9%.
Net income was $49.6 million or $0.28 per diluted share.
Adjusted net income was $82.5 million or $0.47 per diluted share.
Adjusted EBITDA was $127.6 million.
Revenue by Segment
Forward Guidance
Envista is reiterating its guidance for core growth and profitability for the full year 2022.
Positive Outlook
- Expect core sales to grow mid-single digits for 2022.
- Deliver adjusted EBITDA margin of 20% for the full year.
Challenges Ahead
- Persistent inflationary pressures
- Continued supply chain disruptions
- Uncertain geopolitical environment
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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