Earnings release
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ENVISTA REPORTS SECOND QUARTER 2021 RESULTS Brea , California , August 3 , 2021 - Envista Holdings ( NYSE : NVST ) today announced results for the second quarter 2021 . Sales for the second quarter of 2021 were $ 740.1 million , an increase of 104.4 % compared to the same period year - over - year . Sales were positively impacted by 4.0 % from currency exchange rates and negatively impacted by 1.9 % due to discontinued products . Our core sales growth for the second quarter of 2021 was 102.3 % over the same period in the prior year . For the second quarter , net income was $ 90.1 million , or $ 0.51 per diluted share . For the same period , adjusted net income was $ 94.2 million , or $ 0.53 per diluted share . Adjusted EBITDA for the second quarter of 2021 was $ 140.4 million compared to $ 1.0 million for the comparable period of 2020 . Amir Aghdaei , Chief Executive Officer , stated , " We delivered another strong quarter driven by continued recovery in the dental market and solid execution across our portfolio . Core sales growth was 102 % compared to a COVID - 19 impacted second quarter of 2020. Our adjusted EBITDA margin was 19 % for the current quarter . We also grew above pre - pandemic levels with sales growth of 5.6 % compared to the same quarter of 2019. " Mr. Aghdaei continued , " Our team has done a tremendous job of executing our business priorities in the quarter . As a result , we are building a better Envista for customers , our employees , and our shareholders . Our purpose is to make oral care readily available to more people , improving productivity and predictability of treatment options , and ultimately improving the confidence and quality of life for patients . We are proud of our progress and look forward to continuing our growth journey in 2021 and beyond . " 2021 Full Year Guidance We are providing the following financial guidance : Sales ( in billions ) Adjusted EBITDA Margin % 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 . ABOUT ENVISTA $ 2.8 to $ 2.9 The conference call can be accessed by dialing 866-342-8588 within the U.S. or by dialing +1 203-518-9865 outside the U.S. a few minutes before the 2:00 P.M. PT start and referencing conference ID # 8094612 . 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 . " High - teens 1 Envista is a global family of more than 30 trusted dental brands , including KaVo Kerr , Nobel Biocare , and Ormco , 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 . With a foundation comprised of the proven Envista Business System ( EBS ) methodology , an experienced leadership team , and a strong culture grounded in continuous improvement , commitment to innovation , and deep customer focus , Envista is well equipped to meet the end - to - end needs of dental professionals worldwide . Envista is one of the largest global dental products companies , with significant market positions in some of the most attractive segments of the dental products industry . For more information , please visit www.envistaco.com .