Envista Reports Fourth Quarter 2025 Results

Core Insights - Envista Holdings Corporation reported a strong performance in Q4 2025, achieving 10.8% core revenue growth and 22% adjusted EBITDA growth, with positive growth across all major businesses and geographies [2][6] - For the full year 2025, the company recorded a 6.5% core revenue growth and a 26% EBITDA growth, alongside a significant return of $166 million to shareholders through share repurchases [2][6] Financial Highlights - Q4 2025 financials included sales of $751 million, GAAP net income of $33 million, and adjusted EBITDA of $111 million, reflecting a 22% year-on-year increase [4][6] - For FY 2025, total sales reached $2,719 million, with GAAP net income of $47 million and adjusted EBITDA of $372 million, marking a 26% increase year-on-year [4][6] Cash Flow - Operating cash flow for Q4 2025 was $108 million, while free cash flow was $92 million, down from $132 million and $124 million in Q4 2024 respectively [5][7] - For the full year 2025, operating cash flow totaled $276 million and free cash flow was $231 million, compared to $337 million and $303 million in 2024 [7] Share Repurchases - In Q4 2025, the company repurchased 1.2 million shares for approximately $24 million, and for the full year, 9.2 million shares were repurchased for about $166 million [8] Outlook - The company provided guidance for 2026, projecting core sales growth of 2% to 4%, adjusted EBITDA growth of 7% to 13%, and adjusted diluted earnings per share between $1.35 and $1.45 [9]