Envista Holdings Corp. (NVST) Tops Q3 EPS by 39c, Revenues Beat
Envista Holdings Corp. (NYSE: NVST) reported Q3 EPS of $0.48, $0.39 better than the analyst estimate of $0.09. Revenue for the quarter came in at $640.5 million versus the consensus estimate of $523.21 million.
Amir Aghdaei, Chief Executive Officer, stated, "The dental market's recovery along with our progress on strategic initiatives led to a meaningful sequential improvement in our revenue, adjusted EBITDA, and free cash flow."
Mr. Aghdaei continued, "We are encouraged by the pace of recovery in the dental market which has continued into October. Envista is better positioned due to the progress we have made over the past two quarters on our strategic growth initiatives, structural cost program, and portfolio shaping efforts. We have begun to see the impact of these actions on our growth rates and margin in the third quarter and are confident our best days lay ahead of us as we continue our journey to build a better Envista."
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