Envista Holdings 2025 Q3 Earnings Sharp Net Loss of 469.5% Despite Revenue Growth

Envista Holdings (NVST) reported mixed results for Q3 2025, delivering revenue growth above expectations but swinging to a significant loss. The company raised full-year guidance for adjusted EPS while acknowledging operational challenges.

Revenue

Envista Holdings’ total revenue surged 11.5% year-over-year to $669.90 million, exceeding 2024 Q3’s $601 million. The Specialty Products & Technologies segment led the charge with $431.50 million in revenue, while Equipment & Consumables contributed an additional $238.40 million. This segmental performance underscores the company’s diversified product offerings and market share gains in orthodontic solutions like Spark aligners.

Earnings/Net Income

The company swung to a loss of $0.18 per share in Q3 2025, a dramatic shift from a $0.05 profit in the prior-year period (460.0% negative change). Net income deteriorated to a $30.30 million loss, reflecting a 469.5% decline compared to the $8.20 million profit in 2024 Q3. The EPS swing to a loss and net income deterioration underscored operational challenges despite revenue outperformance.

Post-Earnings Price Action Review

The stock price of Envista Holdings has edged down 0.10% during the latest trading day, has edged up 0.71% during the most recent full trading week, and has edged down 1.24% month-to-date. These movements highlight mixed investor sentiment, with short-term volatility contrasting against the company’s guidance optimism.

CEO Commentary

CEO Paul Keel emphasized “another strong quarter” with core growth, adjusted EBITDA, and adjusted EPS exceeding expectations. He highlighted market share gains in Spark aligners and operational improvements via the Envista Business System (EBS). Keel’s remarks reflected confidence in execution and strategic initiatives, despite the reported net loss.

Guidance

Envista updated 2025 guidance, raising core sales growth to ~4% (from 3%-4%) and adjusted EBITDA margin to ~14%. Adjusted diluted EPS guidance was set at $1.10-$1.15, up from $1.05-$1.15 previously. The company reiterated no GAAP-based forward-looking estimates due to unpredictable items like restructuring charges.

Additional News

Envista’s recent $41 million share repurchase program (2.1 million shares) and Stifel Nicolaus’ $25 price target (22.73% upside) signal investor confidence. CEO Paul Keel’s emphasis on Spark aligner momentum and operational efficiency aligns with updated guidance, though the Q3 net loss highlights ongoing cost pressures. The company’s 10.1% free cash flow margin and $68 million generated in Q3 support its buyback strategy and operational resilience.

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