Envista(NVST) - 2025 Q1 - Earnings Call Presentation

Q1 2025 Financial Performance - Revenue decreased by $6.7 million, from $623.6 million in Q1 2024 to $616.9 million in Q1 2025[15] - Core sales growth was 0.2% in Q1 2025, a decrease of 20 bps compared to 0.4% in Q1 2024[14, 15] - Adjusted EBITDA decreased by $8.2 million, from $87.2 million in Q1 2024 to $79.0 million in Q1 2025[15] - Adjusted EBITDA margin decreased by 120 bps, from 14.0% in Q1 2024 to 12.8% in Q1 2025[14, 15] - Adjusted diluted EPS decreased by $0.02, from $0.26 in Q1 2024 to $0.24 in Q1 2025[14, 15] - Free cash flow decreased by $34.4 million, from $29.3 million in Q1 2024 to -$5.1 million in Q1 2025[15] Segment Performance - Specialty Products & Technologies core sales decreased by 0.7%[26] - Equipment & Consumables core sales increased by 1.7%[28] Guidance and Outlook - The company is maintaining its 2025 guidance of 1-3% core growth, ~14% EBITDA margin, and $0.95-$1.05 EPS[12, 40] Additional Factors - A 1.7% negative impact from FX due to dollar weakening since Q4'24[19]