NVST - Envista Holdings rises 8% following Q1 beats 2022 outlook

Shares of Envista Holdings (NYSE:NVST) are up 8% in after-hours trading after the dental products maker's Q1 2022 results beat on the top and bottom lines and issued favorable 2022 guidance. Adjusted net income in the quarter declined ~1% to $84.9M ($0.43 basic, $0.39 diluted earnings per share) compared to the prior-year period. Sales of $631.4M was a 3% decline from Q1 2021. Due to the closing of the IOS acquisition, Envista (NVST) expects the newly branded DEXIS IOS business to deliver between $35M-$45M in sales over 2022. Seeking Alpha's Quant Rating views Envista (NVST) as a hold.

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Envista Holdings rises 8% following Q1 beats, 2022 outlook