Welcome to our dedicated page for Envista Holdings Corporation news (Ticker: NVST), a resource for investors and traders seeking the latest updates and insights on Envista Holdings Corporation stock.
Envista Holdings Corporation (NYSE: NVST) is a leading global dental products company committed to empowering dental professionals worldwide. Headquartered in Brea, California, Envista develops, manufactures, and markets an extensive portfolio of dental consumables, equipment, and services. The company operates through two primary segments: Specialty Products & Technologies and Equipment & Consumables.
The Specialty Products & Technologies segment focuses on dental implant systems, regenerative solutions, dental prosthetics, orthodontic systems, and lab products. This segment is dedicated to advancing the capabilities of dental professionals through innovative products and technologies.
The Equipment & Consumables segment offers a broad range of dental equipment and supplies used in dental offices, including digital imaging systems, software, and other visualization and magnification systems, supporting the diagnostic, treatment, and prevention needs of dental conditions.
Envista has a strong commitment to continuous improvement, action-oriented innovation, and a deep respect for dental professionals. Its comprehensive product portfolio covers an estimated 90% of dentists’ clinical needs, ensuring a holistic approach to dental care.
Recent achievements include the launch of the DEXIS digital ecosystem, an AI-powered platform designed to streamline implant dentistry workflows. This interconnected system combines cutting-edge CBCT, intraoral scanning, diagnostics, and treatment planning, empowering clinicians to manage implant cases efficiently.
Envista continues to innovate with products like the ORTHOPANTOMOGRAPH™ OP 3D™ LX, which enhances 3D diagnostic capabilities, and the IS ScanFlow software, which integrates AI-driven tools to maximize productivity in dental practices.
Financially, Envista reported sales of $623.6 million for the first quarter of 2024, with core sales growth and ongoing investments aimed at accelerating growth and profitability. The company has a proven track record of resilience and strategic differentiation, particularly through the challenges posed by the global pandemic and other economic factors.
Envista's philanthropic arm, the Envista Smile Project, exemplifies its commitment to social responsibility. The project has donated millions to improve access to oral health for underserved communities, partnering with institutions like the University of Southern California to enhance dental care for vulnerable populations.
Envista's significant market positions in attractive dental segments, coupled with its continuous improvement culture and innovation-driven approach, make it a pivotal player in the dental industry. For more information, visit the official website at www.envistaco.com.
Envista Holdings Corporation (NYSE: NVST) will announce its financial results for Q2 2022 on August 3, 2022. A conference call is scheduled for 2:00 PM PT that same day, accessible via phone or webcast. Investors can expect a detailed discussion of the results, which will be accompanied by a slide presentation available on Envista's website. This call aims to provide insights into the company's performance, reflecting its commitment to enhancing customer care through a comprehensive range of dental solutions.
Envista Holdings Corporation (NYSE: NVST) will participate in the Stifel 2022 Jaws & Paws Conference on June 1, 2022, from 9:45 to 10:15 AM EST in New York City. Investors can access live streams or recordings via the company's Investor Relations website. Envista is a leading global dental products company, comprising over 30 trusted brands that offer dental consumables, solutions, and technology. The company focuses on improving patient care and is well-positioned in attractive segments of the dental industry.
Envista Holdings Corporation (NYSE: NVST) announced on May 17, 2022, that it has entered into a definitive agreement to acquire Osteogenics Biomedical Inc, Allotech LLC, and OBI Biologics, collectively referred to as Osteogenics. The deal aims to enhance Envista's regenerative solutions for dental professionals and is expected to close in Q3, pending regulatory approvals. Osteogenics is recognized for innovative bone grafting products, primarily marketed under the Cytoplast brand. The acquisition aligns with Envista's strategy to innovate in oral care and strengthen its market position.
Envista Holdings Corporation (NYSE: NVST) will participate in the William Blair Emerging Technologies in Dental Care Virtual Conference on May 17, 2022, from 7:00 to 7:45 AM PT. Investors can access recordings via the company’s Investor Relations website. Envista, a leading global dental products company, operates over 30 trusted brands and offers a comprehensive portfolio of dental solutions and technologies aimed at improving patient care. Its commitment to innovation and customer focus positions it as a key player in the dental industry.
Envista Holdings Corporation (NYSE: NVST) reported a 3.1% increase in sales for Q1 2022, totaling $631.4 million, with a core sales growth of 5.4%. Net income was $70.4 million or $0.39 per diluted share. Adjusted net income was $84.9 million or $0.47 per diluted share, down from $0.49 a year prior. Adjusted EBITDA was $124.6 million, reflecting a margin of 19.7%. The company anticipates additional sales of $35 - $45 million from its newly acquired DEXIS IOS business and maintains a core sales growth forecast of 6% - 8% for 2022.
Envista Holdings Corporation (NYSE: NVST) has successfully acquired Carestream Dental's Intraoral Scanner business, which will be rebranded as DEXIS. This business is crucial for digital workflows in dental procedures such as implants and aligners, positioning Envista to enhance its offerings. CEO Amir Aghdaei emphasized the strategic importance of this acquisition in improving patient care through advanced dental technology. Notably, the transaction excludes Carestream Dental's Imaging Equipment and Practice Management businesses. Further transaction details will be provided in a forthcoming SEC filing.
Envista Holdings Corporation (NYSE: NVST) will release its first quarter 2022 financial results on May 4, 2022. A conference call to discuss these results is scheduled for 2:00 PM PT on the same day, lasting approximately one hour. The call will be accessible via phone or through a webcast on the company's website. Materials related to the earnings will be available on the Investors section of Envista's site prior to the call and afterward. Envista is a leading global dental products company with a focus on improving patient care through innovative solutions.
Envista Holdings Corporation (NYSE: NVST) has announced the rebranding of its KaVo imaging business to DEXIS. Known for over 20 years as a leader in digital intraoral radiography, the DEXIS brand will now encompass a comprehensive portfolio, including cone-beam computed tomography (CBCT), handheld x-rays, and intraoral scanners. The DEXIS brand, integrating various leading brands, aims to enhance digital workflows for dental professionals. The transition to DEXIS branding will occur throughout 2022, affecting different products and regions.
Envista Holdings Corporation (NYSE: NVST) announced FDA clearance for its Assisted Intelligence (AI) mandibular nerve tracing feature in the DTX Studio Clinic software. This advancement is crucial for preventing complications in dental procedures by improving visualization. The DTX platform previously received clearances for various AI functionalities, enhancing efficiency for clinicians. CEO Amir Aghdaei highlighted this as a significant step in expanding their digital strategy, aiming to reduce clinician workload while increasing patient focus. Envista continues to innovate in the dental industry with its comprehensive portfolio.
Envista Holdings Corporation (NYSE: NVST) announced its participation in Piper Sandler Dental Day scheduled for March 29, 2022, from 7:00 – 7:45 AM PT. Investors can access recordings of the event via Envista's Investor Relations website under Events and Presentations.
As one of the largest global dental products companies, Envista operates over 30 renowned dental brands, focusing on enhancing patient care through a comprehensive portfolio that includes dental implants, orthodontics, and advanced imaging technologies.
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