Quarterly ResultMay 6, 2026, 04:25 PM
Envista Holdings Q1 Sales $705.5M, Net Income +115% to $38.7M
AI Summary
Envista Holdings Corp reported strong financial results for the three months ended April 3, 2026, with sales increasing to $705.5 million and net income more than doubling to $38.7 million. Diluted earnings per share also saw a significant rise to $0.23. The company also completed the acquisition of Versah LLC for $54.7 million, enhancing its Specialty Products & Technologies segment.
Key Highlights
- Sales increased 14.36% to $705.5 million for the three months ended April 3, 2026, from $616.9 million in the prior year period.
- Net income surged 115% to $38.7 million, up from $18.0 million in the same period last year.
- Diluted earnings per share rose 130% to $0.23, compared to $0.10 in the previous year.
- Acquired Versah LLC for approximately $54.7 million in cash on February 2, 2026, expanding the Specialty Products & Technologies segment.
- Net cash used in operating activities was $3.3 million, compared to $0.3 million provided in the prior year period.
- Total long-term debt decreased to $1,439.1 million as of April 3, 2026, from $1,448.3 million at December 31, 2025.
- Cash and cash equivalents stood at $1,082.8 million as of April 3, 2026, down from $1,211.7 million at December 31, 2025.
- Purchased $49.0 million in treasury shares during the quarter.