Envista Holdings Third Quarter 2024 Earnings: Beats Expectations

Envista Holdings (NYSE:NVST) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$601.0m (down 4.8% from 3Q 2023).
• Net income: US$8.20m (down 62% from 3Q 2023).
• Profit margin: 1.4% (down from 3.4% in 3Q 2023).
• EPS: US$0.048 (down from US$0.13 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Envista Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Envista Holdings' balance sheet health.

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