secwatch.observer — SEC 8-K summary
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Issuer:     Envista Holdings Corp (NVST)
CIK:        0001757073
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001757073-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000011/0001757073-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000011/nvst-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001757073-24-000011

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