The following is a summary of the Enovis Corporation (ENOV) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Enovis Corporation reported a Q3 2024 revenue of $505 million, emphasizing a 21% increase year-over-year and a 6% increase on a comparable basis, including positive FX tailwinds.

• The adjusted EBITDA grew 38%, resulting in a margin of 17.9%, an improvement of 220 basis points compared to the same quarter last year.

• Adjusted earnings per share rose by 30% to $0.73.

Business Progress:

• Achieved substantial growth in the Recon segment, with a reported 57% revenue increase and continued strong performance in U.S. Extremities and Hips and Knees.

• Successfully integrated Novastep, significantly strengthening the Foot and Ankle unit which is on track to achieve $100 million in revenues.

• Progress in integrating Lima, which contributed positively to the growth and productivity improvements.

Opportunities:

• Enovis anticipates introducing impactful new products across its business in the near future, including significant advancements in Recon products such as revision cones, augmented glenoid systems in shoulders, and hips, expecting to drive further revenue growth.

• The company forecasts an acceleration of ABS platform integration in future operational strategies, enhancing market reach and customer engagement.

Risks:

• Acknowledged headwinds from integration efforts in the early sections of Q4 due to recent hurricanes and IV shortages in the market, potentially impacting expected revenue streams and growth pacing.

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