earnings
confidence high
sentiment positive
materiality 0.80
Edwards Q1 sales $1.6B (+10%), TMTT +75%; raises FY sales guidance to high end 8-10%
Edwards Lifesciences Corp
2024-Q1 EPS reported
$0.58
revenue$1,598,200,000
- Q1 sales $1.6B, up 10% reported and constant currency; GAAP EPS $0.58, adjusted EPS $0.66.
- TAVR sales $1.0B (+6% reported, +8% constant currency adjusted for billing days).
- TMTT sales $73M (+75%); EVOQUE received FDA approval for tricuspid regurgitation in Feb.
- Full-year 2024 sales guidance raised to high end of 8-10% range; TMTT guidance raised to $320-340M.
- Critical Care spin-off on track; full-year adjusted EPS guidance maintained at $2.70-$2.80.