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Jul 01, 2022
Enovis Q2 2022 Earnings Report
Enovis's financial performance in Q2 2022 reflected sales growth and increased profitability.
Key Takeaways
Enovis reported a net sales increase of 11% to $395 million in Q2 2022, with organic growth of 3%. The company's operating income was $6 million, and adjusted EBITDA increased by 11% to $56 million. Adjusted earnings per share expanded by 44% to $0.59, including a one-time tax benefit.
Net sales increased by 11% to $395 million, including 3% organic growth.
Operating income was $6 million, with adjusted EBITDA up 11% to $56 million.
Adjusted earnings per share increased 44% to $0.59, including a $0.10 one-time tax benefit.
Full year adjusted EBITDA and EPS outlooks were updated to reflect currency impact and Q2 tax benefit.
Revenue by Segment
Forward Guidance
Enovis reaffirmed its expectation for 2022 organic growth of 6-9%. The Company updated its 2022 adjusted EBITDA outlook to $235-255 million, and it updated its adjusted EPS guidance to $2.15-$2.35 to reflect currency pressures and the second quarter tax planning benefit.
Positive Outlook
- Reaffirmed expectation for 2022 organic growth of 6-9%.
- Updated 2022 adjusted EBITDA outlook to $235-255 million.
- Updated adjusted EPS guidance to $2.15-$2.35.
- Teams continue to successfully battle supply chain friction.
- Teams continue to successfully battle inflation.
Challenges Ahead
- Currency pressures are now expected to be a significant headwind in 2022.
- Supply chain friction
- Inflation
- Inconsistent market recovery
Historical Earnings Impact
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Avg. Return Before/After Earnings
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