NVST earnings analysis
What we found in NVST's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Envista Holdings reported Q1 2026 earnings with total revenue of $705.5 million, representing a 14.4% increase from the prior year. The GAAP EPS was $0.23, missing estimates of $0.31, while adjusted EPS was $0.36, reflecting a 50% year-over-year increase. The company maintains its full-year guidance for adjusted EPS between $1.35 and $1.45, citing sustained demand despite economic headwinds.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Total revenue increased to $705.5 million, up 14.4% year-over-year.
- Significant EPS Growth
- Adjusted EPS reached $0.36, up 50% compared to the prior year.
- Improved Operating Margin
- Operating profit margin improved to 8.9%, compared to 6.3% in the previous year.
- Sales Growth in Segments
- Specialty Products & Technologies segment sales rose to $457.8 million, a 14.4% increase.
- Robust Cash Position
- As of April 3, 2026, cash and cash equivalents totaled $1,082.8 million.
- Core Sales Defined
- Core sales growth for this quarter was 9.5%, excluding currency impacts.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Negative Free Cash Flow
- Net cash used in operating activities was $3.3 million, worsening from $0.3 million provided in the prior year.
- Geopolitical Tensions
- The U.S. conflict with Iran has potential adverse effects on global supply chains and operational costs.
- Dependence on Foreign Markets
- 52.7% of sales stem from international customers, exposing Envista to global economic fluctuations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.23
- Gross margin
- 55.3%
- Operating margin
- 8.9%
- Segment
- Specialty Products & Technologies: $457.8M
- Segment
- Equipment & Consumables: $247.7M
What they said about what is next.
Full-year adjusted EPS guidance maintained at $1.35 to $1.45.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 12, 2026
- Envista reported 2025 total sales of $2,719.5 million, up from $2,510.6 million in 2024, driven by Specialty Products & Technologies (64% of sales; $1,752.8 million) and mid-single-digit core growth. The company…
- 10-Q · October 30, 2025
- Envista reported Q3 sales of $669.9 million, up $68.9 million versus Q3 2024 ($601.0 million) and slightly below the prior quarter. Gross margin expanded to ~55.3% with operating profit rising to $57.5 million (8.6%…
- 10-Q · July 31, 2025
- Envista reported Q2 sales of $682.1 million, up $49.0 million (7.7%) versus Q2 2024 ($633.1 million), with gross margin expanding to 54.2% from 51.6% and operating profit returning to $46.3 million after a year-ago…
- 10-K · February 13, 2025
- Envista reported 2024 revenue of $2,510.6 million, with Specialty Products & Technologies accounting for $1,616.4 million (64% of sales) and Equipment & Consumables $894.2 million (36%). The year included a severe…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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