earnings
confidence high
sentiment negative
materiality 0.85
CONMED Q2 adj EPS $0.98 beats; cuts FY revenue & EPS guidance on supply chain delays
CONMED Corp
2024-Q2 EPS reported
$1.59
revenue$644,371,000
- Revenue $332.1M (+4.5% reported, +5.2% constant currency); GAAP EPS $0.96 vs $0.43; adj EPS $0.98 vs $0.83 (+18.1%).
- Full-year revenue guidance lowered to $1.305-1.315B from $1.330-1.355B; adj EPS guidance cut to $3.95-4.02 from $4.25-4.35.
- CEO cites unresolved supply chain challenges delaying commercial reacceleration, impacting second half outlook.
- Orthopedic Surgery sales -0.9% YoY; General Surgery +8.9%; Domestic +6.1%, International +2.6% reported.
- Adjusted EBITDA $64.6M (19.4% margin) vs $57.6M (18.1%) in Q2 2023.