Envista Holdings Corp. reported third‑quarter 2025 core sales of $670 million, up 9.4 % year‑over‑year, and an adjusted earnings per share of $0.32, a 167 % increase from the same period last year. Adjusted EBITDA reached $97 million, giving a margin of 14.5 %. GAAP earnings were a loss of $0.18 per share, driven by a $30 million tax charge related to intercompany loan restructuring.
Spark aligners achieved a positive operating margin for the first time, a milestone that follows a 12 % sequential increase in adjusted EBITDA margin from Q2 2025. The company attributes the margin improvement to operational efficiencies and cost reductions in Spark manufacturing, as well as broad‑based contributions from its Envista Business System. In Q2 2025, core sales were $682 million and the adjusted EBITDA margin was 12.4 %.
The company repurchased 2.1 million shares for $41 million during the quarter, leaving $108 million of repurchase capacity under its $250 million program. The repurchase program reflects Envista’s confidence in its financial position and its commitment to returning value to shareholders.
Envista updated its full‑year 2025 guidance, projecting core sales growth of 3 % to 4 %, an adjusted EBITDA margin of approximately 14 %, and adjusted diluted earnings per share of $1.10 to $1.15. The guidance reflects continued execution of its growth and cost‑control initiatives and positions the company for a stronger second half of the year.
The results come amid a competitive dental products market that includes Dentsply Sirona and Henry Schein. Envista’s focus on high‑margin product lines, particularly the Spark aligners, is a key differentiator in the growing clear‑aligner market. Compared with Q3 2024, when core sales declined 5.3 % and adjusted EBITDA fell to $54.9 million, the Q3 2025 performance demonstrates a significant turnaround. The company disclosed that core sales growth was driven primarily by its Specialty Products & Technologies segment, while Equipment & Consumables remained flat. The positive operating margin for Spark aligners and the updated guidance underscore the effectiveness of Envista’s strategic revitalization plan.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.