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Dec 31, 2021

Edwards Lifesciences Q4 2021 Earnings Report

Reported fourth quarter results with sales growth despite Omicron impact.

Key Takeaways

Edwards Lifesciences reported a 12% increase in Q4 sales to $1.33 billion, with underlying growth of 13%. Adjusted EPS was $0.51. The company reaffirmed its full-year 2022 sales guidance and adjusted EPS expectations.

2021 sales grew 19 percent, or 18 percent on an underlying basis

Q4 sales grew 12 percent to $1.33 billion; underlying 13 percent

Q4 TAVR sales grew 12 percent; underlying 13 percent

Q4 EPS was $0.53; adjusted EPS was $0.51

Total Revenue
$1.33B
Previous year: $1.19B
+11.6%
EPS
$0.51
Previous year: $0.5
+2.0%
Gross Profit Margin
76.8%
Previous year: 75.1%
+2.3%
SG&A Expenses
$424M
Previous year: $339M
+25.3%
R&D Expenses
$233M
Previous year: $196M
+19.0%
Gross Profit
$1.02B
Previous year: $895M
+13.9%
Cash and Equivalents
$863M
Previous year: $1.18B
-27.1%
Free Cash Flow
$284M
Previous year: $287M
-1.0%
Total Assets
$8.5B
Previous year: $7.24B
+17.5%

Edwards Lifesciences

Edwards Lifesciences

Edwards Lifesciences Revenue by Segment

Edwards Lifesciences Revenue by Geographic Location

Forward Guidance

The company is reaffirming the sales guidance it provided at the December investor conference for all product groups. Full year 2022 sales are expected to grow at a low double-digit rate to $5.5 to $6.0 billion. Additionally, the company continues to expect full year 2022 adjusted earnings per share of $2.50 to $2.65.

Positive Outlook

  • Full year 2022 sales are expected to grow at a low double-digit rate to $5.5 to $6.0 billion.
  • The company continues to expect full year 2022 adjusted earnings per share of $2.50 to $2.65.
  • For the first quarter of 2022, the company projects total sales to be between $1.27 and $1.35 billion.
  • For the first quarter of 2022, the company projects adjusted EPS of $0.54 to $0.62.
  • We are enthusiastic about the continued expansion of transcatheter-based therapies for the many structural heart patients still in need, which positions us well for long-term success

Revenue & Expenses

Visualization of income flow from segment revenue to net income