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Dec 31, 2024

LivaNova Q4 2024 Earnings Report

LivaNova reported increased revenue and operating income compared to the prior-year period.

Key Takeaways

LivaNova PLC reported a 3.8% increase in fourth-quarter revenue, reaching $321.8 million. U.S. GAAP diluted earnings per share was $1.02, while adjusted diluted earnings per share was $0.81. The company issued full-year 2025 guidance, expecting revenue to grow between 5.0% and 6.0% on a constant-currency basis and adjusted diluted earnings per share to be in the range of $3.65 to $3.75.

Fourth-quarter revenue increased 3.8% on a reported basis and 4.7% on a constant-currency basis.

U.S. GAAP diluted earnings per share was $1.02 and adjusted diluted earnings per share was $0.81.

Full-year 2024 revenue increased 8.7% on a reported basis and 9.3% on a constant-currency basis.

Full-year 2024 U.S. GAAP diluted earnings per share was $1.16 and adjusted diluted earnings per share was $3.38.

Total Revenue
$322M
Previous year: $310M
+3.8%
EPS
$0.81
Previous year: $0.87
-6.9%
Gross Profit
$219M
Previous year: $187M
+17.1%
Cash and Equivalents
$429M
Previous year: $267M
+60.9%
Total Assets
$2.51B
Previous year: $2.43B
+3.2%

LivaNova

LivaNova

LivaNova Revenue by Segment

Forward Guidance

LivaNova expects full-year 2025 revenue to grow between 5.0% and 6.0% on a constant-currency basis and between 6.0% and 7.0% on an organic basis. Adjusted diluted earnings per share for 2025 is expected to be in the range of $3.65 to $3.75.

Positive Outlook

  • Revenue to grow between 5.0% and 6.0% on a constant-currency basis
  • Revenue to grow between 6.0% and 7.0% on an organic basis
  • Adjusted diluted earnings per share for 2025 is expected to be in the range of $3.65 to $3.75
  • Adjusted free cash flow is expected to be in the range of $135 million to $155 million

Challenges Ahead

  • Foreign currency is expected to be a headwind of 1.5% to 2.0%

Revenue & Expenses

Visualization of income flow from segment revenue to net income