Envista

Envista (NVST) Q3 2025 Earnings

Reported Oct 29, 2025 at 4:57 PM ET · SEC Source

Q3 25 EPS

$0.32

BEAT +15.94%

Est. $0.28

Q3 25 Revenue

$669.9M

BEAT +4.55%

Est. $640.8M

vs S&P Since Q3 25

+26.2%

BEATING MARKET

NVST +35.2% vs S&P +9.0%

Market Reaction

Did NVST Beat Earnings? Q3 2025 Results

Envista Holdings posted a convincing beat across the board in the third quarter of fiscal 2025, with adjusted diluted EPS of $0.32 clearing the $0.28 consensus estimate by 15.94% and revenue of $669.90 million topping expectations by 4.55% on 11.5% y… Read more Envista Holdings posted a convincing beat across the board in the third quarter of fiscal 2025, with adjusted diluted EPS of $0.32 clearing the $0.28 consensus estimate by 15.94% and revenue of $669.90 million topping expectations by 4.55% on 11.5% year-over-year growth. The primary engine behind the quarter's strength was the Specialty Products & Technologies segment, which grew total sales 13.0% to $431.50 million, while Equipment & Consumables contributed 8.7% growth to $238.40 million, together reflecting broad-based momentum across the dental portfolio. Profitability expanded sharply, with adjusted EBITDA rising 77% to $97.10 million and adjusted EBITDA margin widening 540 basis points to 14.5%. A GAAP net loss of $30.30 million, driven by a $61.20 million discrete tax charge from intercompany loan restructuring, obscured the underlying operating progress. Management responded to the quarter's performance by raising full-year core sales growth guidance to approximately 4% and tightening adjusted diluted EPS guidance to $1.10 to $1.15, though some analysts flag potential headwinds from China's next round of volume-based procurement into 2026.

Key Takeaways

  • Core sales growth of 9.4% in Q3 2025
  • All major businesses delivered positive growth
  • Spark aligners captured market share and achieved positive operating margin
  • Envista Business System (EBS) drove broad-based operational contributions
  • Specialty Products & Technologies segment posted 10.6% core sales growth
  • Adjusted EBITDA margin expanded 540 bps year-on-year to 14.5%
  • Adjusted gross margin improved to 56.1% from 52.8%
24/7 Wall St

NVST YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

NVST Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“This was another strong quarter for Envista, with core growth, adjusted EBITDA, and adjusted EPS all ahead of expectations.”

— Paul Keel, Q3 2025 Earnings Press Release