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Sep 30, 2024

Edwards Lifesciences Q3 2024 Earnings Report

Edwards Lifesciences reported third quarter results, showing sales growth and strategic focus on structural heart.

Key Takeaways

Edwards Lifesciences reported a 9% increase in sales from continuing operations, with constant currency sales growth of 10%. TAVR sales grew by 6%, while TMTT sales saw a significant increase of 73%. The company completed the sale of its Critical Care business and reiterated its full-year sales guidance.

Q3 sales from continuing operations grew 9%; constant currency sales grew 10%.

Q3 TAVR sales grew 6%; constant currency sales grew 7%.

TMTT sales grew 73%, driven by PASCAL and EVOQUE commercial launches.

Q3 EPS was $5.13; adjusted EPS was $0.67.

Total Revenue
$1.35B
Previous year: $1.48B
-8.5%
EPS
$0.67
Previous year: $0.59
+13.6%
Gross Profit Margin
80.7%
Previous year: 76.3%
+5.8%
SG&A Expenses
$421M
Previous year: $29.7
+1417508317.5%
R&D Expenses
$253M
Previous year: $18.3
+1382513561.2%
Gross Profit
$1.09B
Previous year: $1.13B
-3.4%
Cash and Equivalents
$3.5B
Previous year: $1.41B
+148.2%
Free Cash Flow
$300M
Previous year: $356M
-15.8%
Total Assets
$13B
Previous year: $9.37B
+38.4%

Edwards Lifesciences

Edwards Lifesciences

Edwards Lifesciences Revenue by Segment

Edwards Lifesciences Revenue by Geographic Location

Forward Guidance

Edwards expects fourth quarter sales of $1.33 to $1.39 billion, and Q4 EPS of $0.53 to $0.57. Full year sales growth guidance of 8 to 10% remains unchanged.

Revenue & Expenses

Visualization of income flow from segment revenue to net income