Envista Now Expects FY24 Core Sales To Decline 1% - 4 % And Adjusted EBITDA Margins Of 10% - 12%
Portfolio Pulse from Benzinga Newsdesk
Envista Holdings Corporation (NVST) has revised its FY24 guidance, now expecting core sales to decline by 1% to 4% and adjusted EBITDA margins to be between 10% and 12%. The company anticipates further decline in Q3 before returning to growth in Q4, citing improvement actions, growth investments, and macroeconomic uncertainty.
August 07, 2024 | 8:27 pm
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Envista Holdings Corporation (NVST) has revised its FY24 guidance, now expecting core sales to decline by 1% to 4% and adjusted EBITDA margins to be between 10% and 12%. The company anticipates further decline in Q3 before returning to growth in Q4, citing improvement actions, growth investments, and macroeconomic uncertainty.
The revised guidance indicating a decline in core sales and adjusted EBITDA margins is likely to negatively impact NVST's stock price in the short term. The anticipation of further decline in Q3 before a return to growth in Q4 adds to the uncertainty, which could lead to a negative market reaction.
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