earnings
confidence high
sentiment negative
materiality 0.75
Edwards Q2 sales flat at $1.37B; lowers FY2022 outlook on FX, staffing
Edwards Lifesciences Corp
2022-Q2 EPS reported
$1.24
revenue$2,715,100,000
- Q2 sales $1.37B flat YoY; underlying growth 5%. GAAP EPS $0.65, adjusted EPS $0.63.
- TAVR sales $907M (+1% reported, +5% underlying); TMTT $28M; Surgical $229M; Critical Care $211M.
- Full-year sales guidance lowered to $5.35-$5.55B; adjusted EPS guided to low end of $2.50-$2.65.
- Q2 share repurchases of $355M; Board approved new authorization with $1.9B remaining.
- Adjusted gross margin improved to 80.5% from 75.9%, helped by FX hedge gains.