Envista Holdings Corporation

Latest Results (19.05.2026):

Envista Holdings Corporation — Q1 2026: Envista reported a strong start to 2026 with first‑quarter sales of $705.5 million and 9.5% core sales growth versus Q1 2025. The company delivered higher profitability (GAAP diluted EPS $0.23; adjusted diluted EPS $0.36, +50% year‑over‑year) and improved margins, while reaffirming full‑year 2026 guidance and announcing an incremental $300 million share‑repurchase program.

Revenue and growth

Sales were $705.5 million in Q1 2026 with core sales growth of 9.5% (total sales growth 14.4% with negative currency and minor acquisition impacts). Specialty Products & Technologies sales were $457.8M (core growth 8.4%) and Equipment & Consumables were $247.7M (core growth 11.5%).

Profitability and margins

GAAP net income was $38.7 million (GAAP diluted EPS $0.23). Adjusted net income was $60.0 million and adjusted diluted EPS was $0.36 (+50% YoY). Adjusted EBITDA was $98.9 million (+25% YoY) with an adjusted EBITDA margin of 14.0%, up ~120 basis points year‑over‑year.

Operations and investments

Gross profit rose to $390.1M and operating profit to $62.5M. Envista cited the Envista Business System (EBS) as supporting ~100 bps of gross margin and ~120 bps of adjusted EBITDA expansion. R&D spending increased (Q1 R&D $30.0M vs $25.3M a year earlier) and the company said it increased Sales & Marketing investment as part of its strategic priorities.

Cash flow and balance sheet

Operating cash flow was negative $3.3M and free cash flow was negative $15.7M in Q1 2026 (versus roughly breakeven and negative $5.1M in Q1 2025). Cash and cash equivalents totaled $1,082.8M at quarter end; long‑term debt was $1,439.1M and total stockholders’ equity was $3,079.5M.

Capital returns

During Q1 the company repurchased 1.6 million shares for approximately $43M (about $41M remaining under the then‑existing program). On May 5, 2026 the Board authorized an incremental $300M share repurchase program through December 31, 2029.

Outlook

Envista reaffirmed full‑year 2026 guidance: core sales growth 2%–4%, adjusted EBITDA growth 7%–13%, adjusted diluted EPS $1.35–$1.45, and free cash conversion of ~100%. The company noted it does not provide GAAP forward‑looking estimates.