Envista (NYSE:NVST) shares ticked up before hours today on fourth-quarter results that topped the consensus forecast.
The Brea, California-based dental technology company posted profits of $85.8 million, or 48¢ per share, on sales of $651.8 million for the three months ended Dec. 31, 2021, for a 20.8% bottom-line slide on sales growth of 5.8%.
Adjusted to exclude one-time items, earnings per share were 46¢, 4¢ ahead of Wall Street, where analysts were looking for sales of $634.7 million.
“We are pleased with our fourth-quarter results and remain optimistic about the future of the dental industry. Given our recent portfolio moves, we are now more focused on the faster-growing, most attractive segments of the dental industry,” Envista CEO Amir Aghdaei said in a news release. “Ultimately, we remain committed to our purpose of partnering with professionals to improve patients’ lives and will continue to work to personalize, digitize, and democratize dental care.”
Envista said that, barring any significant COVID-19-related disruptions, the company expects core growth between 6% and 8%.
NVST shares were up 1% at $44.50 per share in premarket trading.