Envista Holdings Corp. (NVST) Misses Q1 EPS by 7c, Revenues Miss

Envista Holdings Corp. (NYSE: NVST) reported Q1 EPS of $0.03, $0.07 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $547.2 million versus the consensus estimate of $567.69 million.

Amir Aghdaei, Chief Executive Officer, stated, "Revenue exceeded our expectations in the first two months of the year, but the ongoing global health pandemic had a significant adverse impact on the business in the last three weeks of March. We have taken immediate steps to ensure the safety of our employees, support our customers and partners, and preserve our financial strength. These actions will help protect our growth investments in clear aligners, implants and emerging markets, structurally improve margin, and accelerate our portfolio transformation."

Mr. Aghdaei continued, "The ability to achieve our strategic objectives and create value is directly dependent on the strength of our employees, relationships with our customers and partners, the Envista leadership team, and our EBS foundation. Our team is fully committed to navigate through these challenging times while building a stronger Envista."

For earnings history and earnings-related data on Envista Holdings Corp. (NVST) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Carnival shares drop despite earnings beat on weak guidance
• BofA lists top 5 themes driving next $1tn in incremental semi sales