Loading...
•
Sep 27, 2024
Enovis Q3 2024 Earnings Report
Reported a strong Q3 2024 with sales growth and adjusted EBITDA margin expansion.
Key Takeaways
Enovis reported strong third-quarter results with a 21% increase in sales and significant growth in the Reconstructive segment. The company is focusing on shifting from integration to growth, supported by new product introductions.
Third-quarter sales grew by 21% on a reported basis.
Reconstructive sales increased by 57% year-over-year on a reported basis.
Adjusted earnings per diluted share increased by 30% year-over-year.
Company narrows revenue range and adjusted EBITDA expectations for 2024.
Enovis
Enovis
Forward Guidance
Enovis narrowed its revenue range and adjusted EBITDA expectations for 2024. The Company also raised its full-year adjusted earnings per diluted share guidance from $2.62-$2.77 to $2.75-$2.80.
Positive Outlook
- Full-year revenue is estimated at $2.10 billion.
- Adjusted EBITDA is forecasted to be $373-$378 million.
- Adjusted earnings per diluted share guidance raised to $2.75-$2.80.