earnings
confidence high
sentiment positive
materiality 0.75
Enovis Q3 prelim revenue $414-$418M, adj EBITDA $64-$66M, +8-9% and +12-15% YoY
Enovis CORP
2023-Q3 EPS reported
-$0.67
revenue$1,252,177,000
- Q3 revenue expected $414-$418M vs $383M prior year (+8-9%); adj EBITDA $64-$66M vs $57M (+12-15%).
- Net loss from continuing ops $(20.1)-$(19.4)M; GAAP tax rate 23-24.2%. Reconciliation provided.
- Announces proposed convertible senior notes due 2028 in private placement to QIBs.
- Furnishes audited 2022 financials of acquisition target LimaCorporate: revenue €245.7M, net loss €19.3M.
- Lima 2022 net loss includes €16.2M impairment; goodwill €384M, equity €306.6M. Pro forma combined statements provided.