Envista Holdings Corporation filed an automatic shelf registration for an indeterminate amount of multiple securities, enabling offerings from time to time through agents, underwriters, dealers or direct sales.
NVST · Envista Holdings Corp
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Invista Holdings Corporation raised its 2026 guidance for core sales growth to 3.75% to 4.25%, adjusted EBITDA growth to 12.5% to 14%, and adjusted EPS to $1.54 to $1.58, after Q3 adjusted EBITDA grew 9%.
Envista reported third-quarter adjusted diluted EPS of $0.40, up 25% year-over-year, and raised 2026 adjusted diluted EPS guidance to $1.54 to $1.58. Adjusted EBITDA growth guidance increased to 12.5% to 14%.
Envista released its 2025 Sustainability Report on October 27, 2026, citing a 40% waste reduction, 19% lower water consumption, $2.4 million for patient care benefiting close to 20,000 patients, and a 17% decline in lost time injury rate.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Envista delivered 2.7% core sales growth, 25% adjusted EPS growth and margin expansion, then raised full-year core sales, EBITDA and EPS guidance; Versa growth and profitability were ahead of plan and the company repurchased approximately $10 million of stock. The main risks are double-digit China contraction and China VBP-related revenue and margin pressure, soft U.S. demand, slightly negative implied Q4 core growth, and lower year-over-year free cash flow.
- + Envista raised full-year 2026 guidance for core sales growth to 3.75% to 4.25%, adjusted EBITDA growth to 12.5% to 14%, and adjusted EPS to $1.54 to $1.58. new
- + Adjusted EPS increased 25% year over year to $0.40, driven by improved operating profitability and a lower tax rate. new
- + Adjusted gross margin expanded 20 basis points to 56.3%, while adjusted EBITDA increased 9% to approximately $106 million and margin expanded 80 basis points to 15.3%. new
- + Free cash flow was $63 million and represented 97% conversion of adjusted net income. new
- + Envista repurchased around 400,000 shares for approximately $10 million and returned cash to shareholders. new
- + Equipment & Consumables adjusted operating profit increased more than 15% year over year. new
- − China revenue declined by approximately $7 million as brackets and wires destocking in preparation for VBP more than offset implant sales growth. new
- − China sales contracted at a low double-digit rate in Q3, principally because of preparations for VBP. new
- − China's VBP is expected to reduce prices by about 50% for ortho and 10% to 15% for implants in 2027. new
- − China VBP pricing is expected to create a gross-margin headwind, although management expects company-wide margin expansion to more than offset it. new
- − The updated full-year outlook implies slightly negative core sales growth in Q4 because of four fewer selling days. new
- − The U.S. dental market remained soft as macro uncertainty affected patient and clinician confidence, and management expects macro uncertainty to persist in Q4. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $207M | Six Months Ended July 3, 2026 | — |
| Adjusted EBITDA margin non-GAAP | 14.7% | Q2 2026 | — |
| Amount spent on stock repurchases | $58.6M | the three months ended July 3, 2026 filing | — |
| Core Sales Growth non-GAAP | 7.1% | Six Month Period Ended July 3, 2026 vs. Comparable 2025 Period | — |
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| Equipment & Consumables Core Sales Growth non-GAAP | 8.5% | Three Month Period Ended July 3, 2026 vs. Comparable 2025 Period | — |
| FCF to Adjusted Net Income Conversion Ratio non-GAAP | 158% | Three Months Ended July 3, 2026 | — |
| Free cash flow non-GAAP | $105M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net operating cash (used in) provided by operating activities $119.2M
-$14.9M Payments for additions to property, plant and equipment (capital expenditures)
+$0.8M Proceeds from sales of property, plant and equipment
= Free Cash Flow $105.1M
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| IEEPA tariff refunds received | $12.6M | second quarter of 2026 filing | — |
| International sales as percentage of total sales | 54.5% | three months ended July 3, 2026 filing | — |
| Operating cash flow | $119M | Q2 2026 | — |
| Operating profit margin | 17.7% | the three months ended July 3, 2026 filing | — |
| Remaining repurchase capacity | $283M | As of end of Q2 2026 | — |
| Sales growth | 9.5% | the three months ended July 3, 2026 filing | — |
| Shares repurchased | 2.4M | Q2 2026 | — |
| Total sales growth (GAAP) | 7.1% | three months ended July 3, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Medical Instruments & Supplies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NVST
this stock
Envista Holdings Corp
|
$3.93B | +12.8% | -0.1% | 6.3 | 6.1% |
|
ISRG
Intuitive Surgical Inc
|
$153.77B | -21.7% | +20.5% | 53.8 | 2.0% |
|
BDX
Becton Dickinson & Co
|
$59.39B | — | +8.2% | 96.5 | 3.0% |
|
MDLN
Medline Inc.
|
$51.92B | -6.0% | +11.5% | — | 2.9% |
|
ALC
Alcon Inc
|
$35.61B | -6.0% | +10.5% | — | 3.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 19
Envista Holdings Corporation filed an automatic shelf registration for an indeterminate amount of multiple securities, enabling offerings from time to time through agents, underwriters, dealers or direct sales.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NVST | -2.7% | +6.9% | +4.2% | +4.2% | +12.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.3% | +8.1% | +3.7% | +4.4% | +2.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.