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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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