Envista Holdings Corporation (NYSE:NVST) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Stephen Keller – Vice President-Investor Relations

Amir Aghdaei – President and Chief Executive Officer

Howard Yu – Chief Financial Officer

Conference Call Participants

Elizabeth Anderson – Evercore ISI

Jeff Johnson – Baird

Jon Block – Stifel

Michael Cherny – Bank of America

Nathan Rich – Goldman Sachs

Operator

My name is Chelsea, and I will be your conference call facilitator this afternoon. At this time, I would like to welcome everyone to Envista Holdings Corporation’s Second Quarter 2022 Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I will now turn the call over to Mr. Stephen Keller, Vice President of Investor Relations of Envista Holdings. Mr. Keller, you may begin your conference call.

Stephen Keller

Hello, and thanks for joining us on the call. With us today are Amir Aghdaei, our President and Chief Executive Officer; and Howard Yu, our Chief Financial Officer. I want to point out that our earnings release, the slide presentation supplementing today’s call and the reconciliations and other information required by SEC Regulation G relating to any non-GAAP financial measures provided during the call are all available on the Investors section of our website, www.envistaco.com. The audio portion of this call will be archived on the Investors section of our website later today under the heading Events and Presentations. It will remain archived until our next quarterly call.

As announced on January 3, 2022, we have closed the divestiture of KaVo Treatment Unit and Instrument business. For the first and second quarters of 2022 and the full year of 2021, the results of this business are expected to discontinue operations in our financial statements as required by generally accepted accounting principles.

All references in these remarks and accompanying presentation to earnings, revenues and other company-specific financial metrics relate only to continuing operations of Envista’s business except for cash flow measures. During the presentation, we will describe some of the most significant factors that impacted year-over-year performance. The supplemental materials describe additional factors that impacted year-over-year performance.

Unless otherwise noted, references in these remarks to company-specific financial metrics related to the second quarter of 2022 and references to period-to-period increases or decreases in financial metrics are year-over-year. We may also describe certain products and devices that have applications submitted and pending certain regulatory approvals are available only in certain markets.