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Dec 31, 2021
Envista Q4 2021 Earnings Report
Envista's sales increased and net income was reported for the fourth quarter and fiscal year 2021.
Key Takeaways
Envista Holdings Corporation reported a 5.8% increase in sales to $651.8 million for the fourth quarter ended December 31, 2021, with core sales growth of 6.6%. Net income for the quarter was $42.5 million, or $0.24 per diluted share, while adjusted earnings per diluted share was $0.46. The company expects to deliver core growth of between 6-8% and deliver a full year adjusted EBITDA margin of >20% for 2022.
Sales increased 5.8% to $651.8 million.
Core sales growth was 6.6%.
Net income was $42.5 million, or $0.24 per diluted share.
Adjusted earnings per diluted share was $0.46.
Revenue by Segment
Forward Guidance
For 2022, barring any significant COVID related disruptions, the company expects to deliver core growth of between 6-8% and deliver a full year adjusted EBITDA margin of >20%.
Positive Outlook
- Expect to deliver core growth of between 6-8%.
- Deliver a full year adjusted EBITDA margin of >20%.
- Focused on the faster growing, most attractive segments of the dental industry.
- Actively partnering with Dental Service Organizations as they improve access to oral care.
- Long-term positioned as the partner of choice for this fast-growing customer segment.
Challenges Ahead
- Guidance does not reflect the impact of the pending acquisition of Carestream Dental’s IOS business.
- Significant COVID related disruptions
- Global supply chain disruptions
- Potential staffing shortages
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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