Enovis Corp Stock Price, News & Analysis

Enovis Corporation (NYSE: ENOV) will host an investor conference call and live webcast on May 4, 2023, at 8:30 a.m. Eastern Time to discuss its first quarter 2023 financial results. An earnings press release will be issued earlier that morning, with a presentation accessible on the Enovis website in the 'Investors' section.

Participants can join the live webcast through the company's website. For those wishing to join the call, U.S. callers can dial (833) 630-1956, while international participants can call (412) 317-1837. A replay of the call will also be available on the website later the same day.

Enovis focuses on innovating medical technology solutions that improve patient outcomes and transform workflows in orthopedics.

Enovis Corporation (NYSE: ENOV) has announced its acquisition of Novastep, a leader in Minimally Invasive Surgery (MIS) for foot and ankle solutions, for approximately $20 million in annual revenues. This strategic move is aimed at enhancing Enovis' portfolio and global presence in the $3 billion foot and ankle market. The acquisition includes Novastep's innovative Pecaplasty bunion system, which offers superior patient outcomes by promoting quicker recovery and reduced discomfort. The transaction, subject to regulatory approval, is expected to finalize in Q2 2023, further solidifying Enovis' commitment to improving patient care and driving business growth.

Enovis Corporation (NYSE: ENOV) announced the transition of CEO Matt Trerotola to Chair of the Board, effective after the 2023 Annual Meeting on May 16. Trerotola succeeds Mitchell P. Rales, who will retire following his decision not to seek re-election. Sharon Wienbar will take on the role of Lead Independent Director. Trerotola expressed commitment to continuing the momentum achieved since the company's spin-off, aiming for sustainable high-single-digit organic growth and enhanced core margins. The Board will reduce its size from 11 to 10 directors, and Angela Lalor will chair the Compensation and Human Capital Management Committee.

Enovis Corporation (NYSE: ENOV) announced its participation in the AAOS Annual Meeting from March 7-11, 2023, showcasing innovative medical technologies and launching the ‘Better Is’ corporate campaign focused on collaboration with healthcare professionals. CEO Matt Trerotola emphasized the importance of partnerships in driving medtech advancements. Key products include the EMPOWR Revision Knee™, AltiVate Reverse Shoulder System, and augmented reality surgical guidance systems. Enovis will host several educational events during the convention, highlighting its commitment to improving patient outcomes through innovative solutions.

Enovis Corporation (NYSE: ENOV) announced its financial results for Q4 and the fiscal year ended December 31, 2022. Q4 net sales reached $409 million, marking a 2% increase, driven by 5% organic growth, despite a 3% currency headwind. The Reconstructive segment reported a 12% growth, while the Prevention and Recovery segment declined by 2%. The fiscal year saw net sales of $1.6 billion, with a 10% increase.

However, the company faced a Q4 operating loss of $28 million and a net loss from continuing operations of $55 million. For 2023, Enovis expects revenue growth of 5-6%, with adjusted earnings per diluted share projected between $2.15 and $2.30.

Enovis Corporation (NYSE: ENOV), a medical technology growth company, has announced an investor conference call and live webcast to discuss its Q4 and full year 2022 financial results. This event is scheduled for February 23, 2023, at 8:30 AM ET, with an earnings press release set to be issued earlier that same morning. Investors can access the webcast through the Enovis website, and a replay will also be available later. Enovis is committed to developing innovative solutions that improve patient outcomes, focusing on orthopedics and related sectors.

Enovis Corporation (NYSE: ENOV) is set to showcase its innovative Foot & Ankle products at the 2023 ACFAS Scientific Conference in Los Angeles from February 9-12, 2023. This year, Enovis will present a variety of offerings, including DynaNail Helix™, DynaClip Delta™, and Arsenal Ankle Plating System™, centered around improving patient outcomes. The company aims to enhance efficiency with its unique solutions. Enovis will also host a sponsored session focusing on product innovation on February 10, where attendees can engage with hands-on demonstrations.

Enovis Corporation (NYSE: ENOV) has launched the DynaClip Delta™ and DynaClip Quattro™ bone staples, expanding its foot and ankle product line. These innovative staples enhance procedural efficiency for surgeons and deliver sustained dynamic compression for mid-foot and first metatarsophalangeal joint fusions. The DynaClip Delta staples are noted for their stiffness, rivaling traditional constructs, while the Quattro version features a four-legged design for improved surgical versatility. Enovis aims to provide cutting-edge solutions that enhance patient outcomes and disrupt the market.