Envista reports Q1 adjusted EPS 26c, consensus 31c

Reports Q1 revenue $623.6M, consensus $634.11M. Amir Aghdaei, Chief Executive Officer, stated, “As expected, our first quarter results proved challenging as we continue to prioritize long-term investments to accelerate growth and drive profitability. While we have yet to reach an inflection point, we have made meaningful progress in the quarter. Our Spark business continues to perform growing double digits in the quarter, while expanding margins. Our value implant business returned to growth and we saw our consumables business stabilize. As we move through 2024, we remain focused on improving Spark margins, accelerating our North American implant business, and optimizing our operating structure using the Envista Business System.”