Envista Q1 EPS Up 50% to $0.36, $706M Sales Beat and $300M Buyback
NVST•Envista reported Q1 net income of $39 million ($0.23 GAAP EPS, $0.36 adjusted EPS), topping consensus by 16 cents and generated $706 million revenue with 9.5% core growth. The company announced a $300 million incremental share repurchase program and reaffirmed full-year adjusted EPS guidance of $1.35–1.45.
1. Strong Q1 Financial Performance
Envista delivered net income of $39 million and GAAP diluted EPS of $0.23, while adjusted EPS rose 50% year-on-year to $0.36. Total revenue reached $706 million, surpassing the prior year and topping analyst projections.
2. Core Growth and Margin Expansion
Core sales grew 9.5% versus Q1 2025, with specialty products up 8.4% and equipment and consumables up 11.5%. Adjusted EBITDA climbed 25% to $99 million, driving a 14.0% margin, up 120 basis points.
3. $300 Million Share Repurchase Program
During the quarter, Envista repurchased 1.6 million shares for $43 million, leaving $41 million of capacity. The board authorized an additional $300 million repurchase authorization to be executed through December 2029.
4. Reaffirmed Full-Year Guidance
Envista maintained its 2026 outlook with core sales growth of 2–4%, adjusted EBITDA up 7–13%, and adjusted EPS of $1.35–1.45. The company expects free cash conversion near 100% for the year.
