secwatch.observer — SEC 8-K summary
======================================

Issuer:     Envista Holdings Corp (NVST)
CIK:        0001757073
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001757073-24-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envista Q2 net loss $1.15B on $1.15B goodwill impairment; guides FY core sales down 1-4%
--------------------------------------------------------------------------------

- Net loss $1,151.6M ($6.69 per share) includes $1,153.8M non-cash goodwill and intangible impairment.
- Adjusted net income $18.5M ($0.11 adj EPS) vs $76.2M ($0.43) in Q2 2023.
- Reported sales $633.1M; core sales declined 3.2% YoY; adjusted EBITDA fell to $63.0M from $126.2M.
- FY 2024 guidance: core sales decline 1%-4%, adj EBITDA margin 10%-12%; expects Q3 further decline, Q4 return to growth.
- CEO Paul Keel cited repositioning actions including new permanent CFO and Presidents for two largest businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000065/0001757073-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000065/nvst-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001757073-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer