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Dec 31, 2019
LivaNova Q4 2019 Earnings Report
LivaNova's financial performance decreased due to supplier issues and execution challenges.
Key Takeaways
LivaNova PLC reported a decrease in worldwide sales by 3.2 percent and a GAAP diluted loss per share of $2.96 for Q4 2019. The adjusted diluted earnings per share were $1.00. The company faced challenges due to a component supplier issue for oxygenators and execution problems in the Rest of World region.
Worldwide sales decreased by 3.2 percent on a reported basis.
GAAP diluted loss per share from continuing operations was $2.96.
Adjusted diluted earnings per share from continuing operations were $1.00.
Strong sales in Advanced Circulatory Support (ACS) and stability in the Epilepsy business were noted.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
LivaNova anticipates sales growth between 3 and 5 percent on a constant-currency basis and adjusted diluted earnings per share in the range of $3.10 to $3.30 for full-year 2020. Adjusted cash flow from operations, excluding litigation payments, is projected to be $180 to $200 million, with capital expenditures ranging from $25 to $35 million.
Positive Outlook
- Expects worldwide net sales from continuing operations for full-year 2020 to grow between 3 and 5 percent on a constant-currency basis.
- Adjusted diluted earnings per share from continuing operations for 2020 are expected to be in the range of $3.10 to $3.30.
- Adjusted cash flow from operations, excluding litigation payments, will be in the range of $180 to $200 million.
- Capital expenditures are projected to range between $25 to $35 million.
- Focused on delivering higher sales growth, expanding gross margins and improving cash generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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