Enovis Q1 revenue $516M (+27% YoY), adjusted EPS $0.50, raises full-year outlook

Enovis CORP

2024-Q1 EPS reported -$1.32 revenue$516,266,000

Net sales of $516M, up 27% reported and 5% proforma YoY; Recon sales +66% reported, +7% proforma.
GAAP net loss from continuing ops $72M ($1.32/share loss); adjusted EPS of $0.50.
Adjusted EBITDA $83M (16.1% of sales), margin expanded 220 bps YoY.
Updated FY2024 guidance: revenue $2.06-2.16B, adj EBITDA $368-383M, adj EPS $2.52-$2.67.
Closed LimaCorporate acquisition; launched Arvis 2.0 and other products at AAOS.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Enovis CORP reported the first quarter ended March 29, 2024 results: revenue $516 million, net income net loss from continuing operations of $72 million, EPS net loss from continuing operations of $1.32 per share and adjusted earnings per diluted share of $0.50. Guidance raised.

Period: the first quarter ended March 29, 2024
Revenue: $516 million
Net income: net loss from continuing operations of $72 million
EPS: net loss from continuing operations of $1.32 per share and adjusted earnings per diluted share of $0.50
Guidance: raised
Result: reported results

Exact text from the filing

will host an investor conference call and live webcast to discuss these results today at 8:00 am ET. First Quarter 2024 Financial Results Enovis’ first-quarter net sales of $516 million grew 27% on a reported basis and 5% on a proforma basis from the same quarter in 2023. First-quarter results reflect continued execution in P&R, strong growth in Recon, and the

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Source: SEC EDGAR

accession 0001420800-24-000009

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