Edwards Lifesciences Corporation

EW
Sector

Healthcare

Industry

Medical Devices

Market Cap

$42.94B

Employees

19.8K

Company Overview

Edwards Lifesciences is a global leader in patient-focused medical innovations for structural heart disease and critical care monitoring. The company is a pioneer in heart valve therapies, offering both surgical and transcatheter solutions. They also provide hemodynamic monitoring systems used in hospitals, and are focused on expanding into less invasive mitral and tricuspid valve therapies.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

The company's net sales for the three months ended September 30, 2024, were $1.35 billion, an 8.9% increase compared to the same period in 2023. This growth was primarily driven by increased sales in the TAVR and TMTT product lines.

While gross profit increased, the gross profit margin as a percentage of sales decreased due to foreign currency rate fluctuations, including the settlement of foreign currency hedging contracts. For the nine months ended September 30, 2024, the gross profit margin was impacted by 0.8 percentage points.

Net income for the three months ended September 30, 2024, was $3.07 billion, a substantial increase from $383.7 million in 2023, primarily due to income from discontinued operations, which included a gain of $3.3 billion from the sale of the Critical Care product group.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights