Envista Holdings Corporation
NVST
ISIN US29415F1049 / Valor 49153522
Envista Holdings Corporation
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About company
Envista Holdings Corporation is a global company that develops and manufactures a wide range of dental products, equipment, and consumable supplies for dental offices. The company's Specialty Products & Technologies division focuses on dental implant systems, prosthetics, clear aligners, orthodontic products, and lab supplies, while the Equipment & Consumables segment produces digital imaging systems, endodontic systems, restorative materials, and infection prevention products. With a portfolio of over 30 trusted dental brands, Envista aims to partner with professionals to enhance patient care through innovative products, solutions, and technology. The company is dedicated to supporting dental professionals with quality products, integrated digital workflows, and comprehensive training programs for professional growth.
Summarized from source with an LLMView SourceSector: HealthcareLatest Results (07.08.2024):
Sales Performance
Envista Holdings Corporation reported sales of $623.6 million for the first quarter of 2024, reflecting a slight decrease from the $627.2 million reported in the same quarter of 2023. Core sales in the quarter saw a modest increase of 0.4% compared to the corresponding quarter in the previous year.
Net Income
For the first quarter of 2024, Envista Holdings Corporation achieved a net income of $23.6 million, or $0.14 per diluted share. This represents a significant decline from the net income of $43.8 million, or $0.25 per diluted share, reported in the first quarter of 2023.
Adjusted Net Income
Envista Holdings Corporation's adjusted net income for the first quarter of 2024 was $45.8 million, or $0.26 per diluted share. This is a decrease from the adjusted net income of $67.8 million, or $0.38 per diluted share, recorded in the same period of the previous year.
Adjusted EBITDA
In the first quarter of 2024, Envista Holdings Corporation reported an adjusted EBITDA of $87.2 million. This is a decline from the adjusted EBITDA of $114.0 million reported in the first quarter of 2023, indicating a challenging quarter for the company.
CEO Commentary
Amir Aghdaei, Chief Executive Officer of Envista Holdings Corporation, acknowledged the challenging first quarter of 2024 but highlighted the company's focus on long-term investments to drive growth and profitability. He noted progress in the Spark business and the stabilization of the consumables business, while also emphasizing the strategic priorities for the remainder of the year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3681 M
Market cap (USD)
508,618
Daily traded volume (Shares)
21.44 / 20.36
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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