Strong Revenue and Earnings Growth
Envista Holdings reported Q3 core growth of 9%, supported by a Spark deferral benefit. Excluding this, core growth was around 5%. Adjusted EBITDA margin increased by more than 500 basis points from Q3 '24 to 14.5%. Adjusted EPS more than doubled to $0.32.
Full-Year Guidance Raised
Envista increased its full-year 2025 guidance for core revenue growth to approximately 4% and adjusted EPS to $1.10 to $1.15. This reflects the company's strong year-to-date performance and momentum.
Spark Aligner Milestone
Envista shipped its 1 millionth Spark aligner case and achieved positive operating profit for Spark in Q3. The Spark business is nearing $300 million in revenue since launching in 2019.
Positive Market Share Gains
Envista gained market share in all major businesses except implants, where it held its share. The company achieved double-digit growth in consumables and had positive growth in diagnostics for a second consecutive quarter.
Operational Efficiency Improvements
Envista reduced G&A expenses by more than 12% year-to-date while maintaining high customer service levels. The company also made significant R&D investments.