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Sep 30, 2022
Enovis Q3 2022 Earnings Report
Reported sales growth, increased adjusted earnings per share, and expanded core margins.
Key Takeaways
Enovis reported a 7% increase in net sales to $384 million, with organic growth also at 7%. Adjusted earnings per share increased by 34% to $0.59. The company experienced a net loss of $(1.22) per diluted share. They updated 2022 outlook to include organic growth of approximately 6.5%, total sales growth of approximately 10%, adjusted EBITDA of $235-$240 million, and adjusted earnings per share of $2.20-$2.25.
Grew sales to $384 million, including 7% organic growth over the prior year quarter.
Reconstructive segment achieved double-digit growth.
Adjusted earnings per share increased 34% to $0.59.
Expanded core margins and extended its innovation momentum with several new product launches.
Enovis
Enovis
Forward Guidance
Enovis updated its expectations for 2022 full year performance to include organic growth of approximately 6.5%, total sales growth of approximately 10%, adjusted EBITDA of $235-$240 million, and adjusted earnings per share of $2.20-$2.25.