Welcome to our dedicated page for Enovis Corporation news (Ticker: ENOV), a resource for investors and traders seeking the latest updates and insights on Enovis Corporation stock.
Enovis Corporation (NYSE: ENOV) is a prominent player in the medical technology industry, dedicated to developing innovative solutions that improve patient outcomes and streamline healthcare workflows. Headquartered in Wilmington, DE, Enovis focuses on manufacturing and distributing high-quality medical devices used in reconstructive surgery, rehabilitation, pain management, and physical therapy.
The company operates through two primary segments: Prevention & Recovery (P&R) and Reconstructive (Recon). The Prevention & Recovery segment, which generates the bulk of Enovis' revenue, is known for its extensive range of products aimed at injury prevention and patient rehabilitation. The Reconstructive segment offers advanced solutions for joint reconstruction surgeries, including knee, hip, and shoulder replacements.
Recent Achievements and Projects:
- Enovis recently announced the offering of $400 million in Convertible Senior Notes due 2028, aimed at financing the acquisition of LimaCorporate S.p.A., enhancing their global footprint in orthopedic solutions.
- The company's third-quarter 2023 financial results showcased a stable performance with revenues between $414 and $418 million, reflecting an 8-9% increase from the previous year.
- Enovis continues to innovate, showcasing new technologies such as the Evolve34™ Lapidus Correction System and the EF1 External Fixation product line at the ACFAS annual meeting.
Enovis is committed to a culture of continuous improvement, leveraging its global talent and innovative capabilities to develop products that drive measurable patient outcomes. The company's dedication to excellence is evident in its comprehensive portfolio, which includes the DJO, LLC subsidiary known for its contributions to the foot and ankle care continuum.
In addition to its robust product development pipeline, Enovis is actively engaged in strategic acquisitions to enhance its market position and product offerings. The company's financial outlook for 2024 is positive, with expected revenues approximating $2.06-2.16 billion and adjusted EBITDA forecasted to be $368-383 million.
For more information, visit the Enovis Corporation website.
Enovis (NYSE: ENOV), a medical technology growth company, has announced its upcoming second quarter 2024 financial results conference call. The event is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. An earnings press release will be issued earlier that morning, and a related presentation will be available on the company's investor relations website.
Investors can access the live webcast through the Enovis website. For those participating via phone, the dial-in numbers are (833) 685-0901 for U.S. callers and (412) 317-5715 for International callers. Participants should request to join the Enovis call. A replay of the call will be made available on the company's website later that day.
Enovis™ (NYSE: ENOV) has launched the AltiVate Reverse® Glenoid System, enhancing its market-leading AltiVate Reverse line. This new system, which received FDA 510(k) clearance in May 2024, offers modular, augmented baseplates and bone-sparing options, aiming to broaden the range of patients suitable for reverse shoulder arthroplasty. The first surgery using this system was performed by Dr. Mark Frankle at Tampa General Hospital on July 8, 2024. The system includes neutral and 15° wedge options, various central compression screw lengths, and four new glenospheres to optimize patient outcomes. Reverse shoulder arthroplasty accounts for over 60% of the 200,000+ annual shoulder replacements in the U.S., highlighting the growing demand for versatile implants. Enovis continues to prioritize surgeon-driven innovation and patient care through its comprehensive and efficient solutions.
Enovis (ENOV) will participate in upcoming investor conferences with its management team. Ben Berry, CFO, will be at the Bank of America Healthcare Conference on May 15th, and CEO Matt Trerotola will be at the William Blair Growth Stock Conference on June 4th. The webcasts and replays will be accessible on the Company's website.
Enovis (NYSE: ENOV) announced strong first-quarter 2024 financial results with a 27% sales growth on a reported basis, net sales of $516 million, and adjusted EBITDA of $83 million. The company reported a net loss of $1.32 per share but adjusted earnings per diluted share of $0.50. Enovis highlighted the acquisition of Lima, new product launches, and an improved 2024 financial outlook.
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