WILMINGTON, DE — Enovis™ Corporation (NYSE: ENOV) reported robust financial results for the first quarter ended April 4, 2025, showcasing steady growth across key segments and improved margins. The company also announced leadership changes and updated its full-year financial guidance.
First-quarter sales reached $559 million, reflecting an 8% year-over-year growth on a reported basis and 9% on a comparable basis. Net sales within the Reconstructive (Recon) segment saw an 11% increase, while Performance and Recovery (P&R) posted a 5% rise on a reported basis. Adjusted EBITDA grew by 160 basis points to $99 million, representing 17.7% of net sales. Despite reporting a net loss from continuing operations of $56 million, or $0.98 per share, adjusted earnings per diluted share stood at $0.81.
Matt Trerotola, CEO of Enovis, stated, “We delivered a strong start to 2025, with first-quarter revenues and margins exceeding expectations. This performance reflects the strength of our business system and the discipline of our teams as we navigate a complex global environment.”
Effective May 12, 2025, Damien McDonald will assume the role of Chief Executive Officer, succeeding Trerotola. McDonald brings a wealth of leadership experience to the position as the company advances its strategic priorities.
Enovis also revised its 2025 financial outlook, now expecting full-year revenues between $2.22 billion and $2.25 billion, an increase from prior estimates of $2.19 billion to $2.22 billion. Adjusted EBITDA was revised to $385-$395 million, reflecting a $20 million impact from tariffs. Adjusted earnings per share are now projected at $2.95-$3.10, compared to the previous guidance of $3.10-$3.25.
The company attributed its strong performance to disciplined execution, strategic investments, and a robust pipeline of product launches. With significant momentum across its portfolio, Enovis remains focused on driving sustainable growth in the coming quarters.
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