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Dec 31, 2024
Enovis Q4 2024 Earnings Report
Enovis reported a net loss due to a goodwill impairment charge but achieved sales growth and adjusted EBITDA margin expansion.
Key Takeaways
Enovis reported a 23% increase in fourth-quarter net sales to $561 million, driven by strong growth in Global Reconstructive. However, the company reported a net loss of $704 million due to a $645 million non-cash goodwill impairment charge. Adjusted EBITDA increased to $113 million, representing 20% of sales.
Fourth-quarter sales grew 23% on a reported basis.
Reconstructive sales increased by 59% year-over-year.
Adjusted EBITDA margin expanded by 210 basis points.
Exceeded year one commercial and integration plans for Lima.
Enovis
Enovis
Forward Guidance
Enovis expects revenue to approximate $2.19-2.22 billion, incorporating 6-6.5% organic revenue growth. Adjusted EBITDA is forecasted to be $405-415 million, representing 60-70 bps expansion Y/Y. Full-year adjusted earnings per share are expected to be in the range of $3.10-$3.25.
Positive Outlook
- Revenue is expected to approximate $2.19-2.22 billion
- Organic revenue growth of 6-6.5%
- Adjusted EBITDA is forecasted to be $405-415 million
- Adjusted EBITDA represents 60-70 bps expansion Y/Y
- Adjusted earnings per share are expected to be in the range of $3.10-$3.25