Envista Q2 sales rise on segments growth
Envista Q2 sales rise on segments growth
Overview
US dental products maker's Q2 sales rose yr/yr, beating analyst expectations
Adjusted diluted EPS for Q2 rose 58% yr/yr to $0.41
Company raised full-year outlook for core sales growth, adjusted EBITDA, and adjusted EPS
Outlook
Envista raises 2026 core sales growth outlook to 3.5%-4.5% from 2%-4%
Company now sees 2026 adjusted EBITDA growth of 11%-14%, up from 7%-13%
Envista expects 2026 adjusted diluted EPS of $1.50-$1.55, up from $1.35-$1.45
Result Drivers
SEGMENT GROWTH - Both reporting segments delivered positive core sales growth, with Equipment & Consumables up 8.5% and Specialty Products & Technologies up 3.1%
OPERATIONAL IMPROVEMENTS - Margin expansion attributed to ongoing contributions from the Envista Business System
Company press release: ID:nPn3fw0qfa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $730.50 mln | $716.05 mln (14 Analysts) |
Q2 Adjusted Net Income |
| $67 mln |
|
Q2 Net Income |
| $54 mln |
|
Q2 Adjusted EBITDA |
| $108 mln |
|
Q2 Gross Profit |
| $407 mln |
|
Q2 Operating Profit |
| $80.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for Envista Holdings Corp is $31.00, about 10.9% above its August 4 closing price of $27.96
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
Reuters Recommended Reads
Aug 4 - Henry Schein raises annual forecasts on strong demand for dental supplies
Aug 5 - Zimmer Biomet tops quarterly estimates, lifts profit forecast on strong implant demand
Aug 3 - Danaher names insider Julie Sawyer Montgomery as CEO
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Envista Holdings
See all newsGM's EV-first bet leaves it on sidelines of US hybrid boom
U.S. RESEARCH ROUNDUP-Broadcom, Deere & Co, Snowflake
Envista Holdings Corp reports results for the quarter ended June 30 - Earnings Summary
Envista Q2 sales rise on segments growth
Brief: Envista Q2 Sales USD 730.5 Million Vs. IBES Estimate USD 716.1 Million