Healthcare
Medical Devices
$42.94B
19.8K
Key insights and themes extracted from this filing
Net sales reached $1,385.9 million for the three months ended June 30, 2024, an increase of 7.0% compared to $1,295.5 million for the same period in 2023. This growth is primarily driven by increased sales in TAVR products.
Gross profit as a percentage of net sales decreased due to a 0.7 percentage point negative impact from foreign currency rate fluctuations, primarily due to the strengthening of the United States dollar against the Japanese yen.
Net income attributable to Edwards Lifesciences Corporation was $366.3 million for the three months ended June 30, 2024, compared to $307.1 million for the same period in 2023, primarily driven by increased sales and a decrease in intellectual property agreement expenses.