earnings
confidence high
sentiment positive
materiality 0.75
Edwards Q1 sales $1.34B (+13% underlying), adjusted EPS $0.60; TAVR up 14% underlying
Edwards Lifesciences Corp
2022-Q1 EPS reported
$0.59
revenue$1,341,200,000
- Q1 sales $1.34B, up 10% reported (13% underlying); adjusted EPS $0.60.
- TAVR sales $881M (+11% reported, +14% underlying); global TAVR opportunity seen doubling to $10B by 2028.
- Full-year 2022 guidance: sales $5.5-6.0B, adjusted EPS $2.50-$2.65; Q2 sales $1.36-1.44B.
- MITRIS RESILIA valve for mitral position received US FDA approval and launched commercially.
- Repurchased ~$400M stock in Q1; free cash flow $221M; cash $1.5B.