The earnings call presented a mix of positive and negative aspects. While there were market share gains in orthodontics and diagnostics, and improvements in the implant segment, the overall sales decline, Spark revenue deferral impact, challenges in China, and margin pressures were notable concerns.
Company Guidance
In the Envista Holdings Corporation's Q3 2024 earnings call, the company reconfirmed its full-year guidance, projecting a negative 1% to negative 4% core growth and adjusted EBITDA margins between 10% and 12%. Sales in the third quarter reached $601 million, with core sales declining by 5.3% after adjusting for currency exchange rates. Specific segments such as Specialty Products & Technologies and Equipment & Consumables experienced declines of 5.2% and 5.6%, respectively. A significant contributor to the sales decline was the $27 million impact from Spark revenue deferral changes. Despite these challenges, the company reported $63 million in free cash flow for Q3, with year-to-date free cash flows reaching $179 million, a 45% increase compared to the previous year. The company remains optimistic about returning to growth in Q4 and beyond, supported by strategic investments and operational improvements.
Orthodontics and Diagnostics Market Share Gains
Envista gained share in orthodontics and diagnostics, with Spark shipments and the number of ordering doctors both up double digits in Q3.
Improvement in Implant Segment
North America showed mid-single-digit growth in value implants, and the gap relative to market growth continued to close.
Positive Price Growth and Cash Flow
Envista saw good contributions from pricing across several businesses, and year-to-date free cash flows were $179 million, up 45% versus the prior year.
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Envista Holdings (NVST) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVST Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$19.23
$20.97
+9.05%
Aug 07, 2024
$15.30
$16.50
+7.84%
May 01, 2024
$19.75
$19.81
+0.30%
Feb 07, 2024
$24.24
$22.44
-7.43%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Envista Holdings Corp (NVST) report earnings?
Envista Holdings Corp (NVST) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Envista Holdings Corp (NVST) earnings time?
Envista Holdings Corp (NVST) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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