Envista Q3 Earnings Call Highlights '26 Guidance Raise & China Risks

Envista Holdings (NVST) raised its 2026 adjusted EPS guidance to $1.54-$1.58 and EBITDA growth outlook to 12.5%-14% following strong Q3 results with 25% earnings growth. However, China's upcoming volume-based procurement reforms threaten to cut orthodontics prices by 50% and implant prices by 10%-15% in 2027, pressuring future margins despite management's confidence in margin expansion outside China.