Envista Q4 net loss $217.4M on $258.3M impairment; adjusted EPS $0.29; guides FY2024 margin 16-17%

Envista Holdings Corp

2023-FY EPS reported -$0.60 revenue$2,566,500,000

Q4 reported sales $645.6M, core sales down 2.0% YoY; net loss of $1.27 diluted EPS includes $258.3M goodwill/intangibles impairment.
Adjusted net income $49.7M ($0.29 EPS) vs $91.9M ($0.52 EPS) in Q4 2022; adjusted EBITDA $100.5M vs $138.3M.
FY2023 free cash flow $223.6M, up >$100M vs 2022; orthodontic Spark Aligner grew over 50% for the year.
FY2024 guidance: core sales low-single-digit growth; adjusted EBITDA margin of 16%-17%, down from 18.1% in FY2023.
CEO cites volatile macro, plans to improve Spark profitability and accelerate North American implant business in 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.6

Envista Holdings Corp reported financial results for fourth quarter and full year 2023.

Period: fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On February 7, 2024, Envista Holdings Corporation (“Envista” or the “ Company”) issued a press release announcing financial results for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001757073-24-000011

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