Earnings release
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ENVISTA REPORTS FIRST QUARTER 2021 RESULTS Brea , California , May 5 , 2021 - Envista Holdings Corporation ( NYSE : NVST ) today announced results for the first quarter 2021 . Envista Sales for the first quarter of 2021 were $ 709.2 million , an increase of 29.6 % as compared to the same period year - over - year . Sales were positively impacted by 3.0 % from currency exchange rates and negatively impacted by 3.1 % due to discontinued products . Our core sales for the first quarter of 2021 increased 29.7 % over the same period in the prior year . For the first quarter of 2021 , the Company's net income was $ 71.7 million , or $ 0.41 per diluted share . For the same period , adjusted net income was $ 95.4 million , or $ 0.54 per diluted share . Adjusted EBITDA for the first quarter of 2021 was $ 148.0 million compared to $ 19.4 million for the comparable period in 2020 . Amir Aghdaei , Chief Executive Officer , stated , " We are off to a great start in 2021. A robust recovery in the dental market combined with strong execution and our continuous improvement culture drove broad - based strength across our portfolio . With core sales growth of nearly 30 % in Q1 , we delivered our third consecutive quarter of greater than 20 % adjusted EBITDA margins . As we move forward , we remain focused on our long - term strategic priorities of accelerating organic growth , improving operating margins , and building a better , stronger , and more growth - oriented portfolio . " Mr. Aghdaei continued , " Our team has done a tremendous job delivering results throughout the pandemic . We are committed to the dental industry and our purpose of making oral care readily available to more people , improving productivity and predictability of treatment options , and ultimately improving confidence and quality of life for patients . We are proud of our progress and look forward to our continued growth journey in 2021 and for years to come . " Envista will discuss its quarterly results and provide an outlook for 2021 during an investor conference call today starting at 2:00 P.M. PT . The call and an accompanying slide presentation will be webcast on the " Investors " section of Envista's website , www.envistaco.com , under the subheading " Events & Presentations . " A replay of the webcast will be available in the same section of Envista's website shortly after the conclusion of the presentation and will remain available until the next quarterly earnings call . The conference call can be accessed by dialing 866-648-5306 within the U.S. or by dialing +1 602-563-8479 outside the U.S. a few minutes before the 2:00 P.M. PT start and referencing conference ID # 9368235. A replay of the conference call will be available shortly after the conclusion of the call . You can access the replay dial - in information on the " Investors " section of Envista's website under the subheading " Events & Presentations . " In addition , presentation materials relating to Envista's results have been posted to the " Investors " section of Envista's website under the subheading “ Quarterly Earnings . " ABOUT ENVISTA Envista is a global family of more than 30 trusted dental brands , united by a shared purpose : to partner with professionals to improve lives . Envista helps its customers deliver the best possible patient care through industry - leading dental consumables , solutions , technology , and services . Our comprehensive portfolio , including dental implants and treatment options , orthodontics , and digital imaging technologies , covers an estimated 90 % of dentists ' clinical needs for diagnosing , treating , and preventing dental conditions as well as improving the aesthetics of the human smile . Envista companies , including KaVo Kerr , Nobel Biocare , and Ormco , partner with dental professionals to help them deliver the best possible patient care . With a foundation comprised of the proven Envista Business System ( EBS ) methodology , an experienced leadership team , and a strong culture grounded in customer centricity , commitment to innovation , respect , continuous improvement , and leadership , Envista is well - equipped to meet the end - to - end needs of dental professionals worldwide . Envista is one of the largest global dental 1