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Edwards Lifesciences logoEdwards Lifesciences EW

Edwards said sales from continuing operations for Q4 2024 rose 9% to $1.39 billion, and TAVR sales grew 6% to $1.04 billion (5% on a constant currency basis).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Edwards said sales from continuing operations for Q4 2024 rose 9% to $1.39 billion, and TAVR sales grew 6% to $1.04 billion (5% on a constant currency basis).

  2. The company said TMTT sales for Q4 rose 88% to $105 million, and full-year sales increased 78% year over year to $352 million.

  3. Edwards said its gross profit margin for Q4 was 78.9% (79.0% adjusted), below 80.2% a year earlier, and its operating profit margin was 22.6% (25.6% adjusted). The figures are from continuing operations.

  4. The company reaffirmed its 2025 guidance for constant currency sales growth of 8% to 10% and adjusted EPS of $2.40 to $2.50. It said cash and cash equivalents were approximately $3.0 billion and total debt was approximately $600 million as of December 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Edwards QQ4 2024 sales of $1.39 billion, TAVR $1.04 billion

Edwards said sales from continuing operations for Q4 2024 rose 9% to $1.39 billion, and TAVR sales grew 6% to $1.04 billion (5% on a constant currency basis).

Source · Based on the filing body and exhibits

TMTT Q4 sales of $105 million, full-year $352 million

The company said TMTT sales for Q4 rose 88% to $105 million, and full-year sales increased 78% year over year to $352 million.

Source · Based on the filing body and exhibits

Q4 gross margin 78.9% and operating margin 22.6%

Edwards said its gross profit margin for Q4 was 78.9% (79.0% adjusted), below 80.2% a year earlier, and its operating profit margin was 22.6% (25.6% adjusted). The figures are from continuing operations.

Source · Based on the filing body and exhibits

2025 outlook and 2024 year-end cash and debt

The company reaffirmed its 2025 guidance for constant currency sales growth of 8% to 10% and adjusted EPS of $2.40 to $2.50. It said cash and cash equivalents were approximately $3.0 billion and total debt was approximately $600 million as of December 31, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.