NASDAQ$LIVN
LivaNova PLC · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Revenue decreased due to COVID-19 impact, while earnings per share were $0.79 and adjusted earnings per share were $0.33.
LivaNova's first quarter results were impacted by COVID-19, with a decrease in worldwide sales of 3.4% on a reported basis. GAAP diluted earnings per share were $0.79, and adjusted diluted earnings per share were $0.33. The company is closely monitoring the COVID-19 situation and taking actions to strengthen its liquidity position.
- Worldwide sales decreased by 3.4% on a reported basis.
- GAAP diluted earnings per share were $0.79.
- Adjusted diluted earnings per share were $0.33.
- Company expects the pandemic to adversely impact full-year results.
Headline financials
Revenue & EPS history
LivaNova · Revenue · Quarterly
$242M
Revenue by segment
LivaNova · $207M total across 3 segments · Q1 2020
- Cardiopulmonary$116M-4.3%56.3%
- Neuromodulation$89.7M-5.2%43.4%
- Other Revenue$700K+0.0%0.3%
Forward guidance
LivaNova expects the pandemic to adversely impact full-year results, with Q2 experiencing the greatest impact and anticipates a steady improvement throughout the remainder of the year.
Tailwinds
- Company implemented actions designed to strengthen its liquidity position and promote financial resiliency
- Company concluded execution of a series of amendments to our credit agreements that temporarily revise certain financial covenants and waive certain events of non-compliance prior to December 31, 2020
- Company is in the process of evaluating strategic capital raising options to fulfill short-and medium-term capital needs
- Company believes in its ability to execute on its strategy
- Company's long-term fundamental outlook remains strong.
Headwinds
- LivaNova worldwide net sales for full-year 2020 are now expected to decline between 7 and 17 percent on a constant-currency basis
- Adjusted diluted earnings per share from continuing operations for 2020 are expected to be in the range of $1.40 to $1.70
- Company now estimates that adjusted cash flow from operations, excluding integration, restructuring and litigation payments, will be in the range of $80-$100 million for 2020.
- Company expects Q2 to experience the greatest impact
- Pandemic to adversely impact full-year results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.3%
Avg return
30 days after
58%
26 / 45 earnings
Positive
+23.3%
Q1 2025
Best reaction
-19.9%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.1% | +21.7% | +25.5% | |
| Q4 2025 | +0.8% | +1.8% | -10.4% | |
| Q3 2025 | -5.8% | -5.7% | +17.5% | |
| Q1 2025 | +23.3% | +28.6% | +30.7% | |
| Q4 2024 | -15.8% | -15.9% | -20.0% | |
| Q3 2024 | -2.5% | -7.5% | -0.9% | |
| Q2 2024 | -5.8% | -11.8% | -1.8% | |
| Q1 2024 | +12.9% | +12.3% | +9.5% | |
| Q4 2023 | +6.9% | +6.4% | +6.4% | |
| Q3 2023 | -0.8% | -0.9% | -6.4% | |
| Q2 2023 | +7.0% | +9.1% | +4.0% | |
| Q1 2023 | +0.6% | -0.0% | -0.6% | |
| Q4 2022 | -9.6% | -12.1% | -23.6% | |
| Q3 2022 | +2.2% | +6.6% | +19.1% | |
| Q2 2022 | -3.0% | -2.2% | -13.9% | |
| Q1 2022 | -13.2% | -21.8% | -9.1% | |
| Q4 2021 | +7.9% | +9.4% | +8.6% | |
| Q3 2021 | +15.3% | +15.9% | +2.4% | |
| Q2 2021 | +8.0% | +7.1% | +1.1% | |
| Q1 2021 | +3.8% | +1.4% | +0.8% | |
| Q4 2020 | +3.5% | +3.6% | +2.6% | |
| Q3 2020 | +1.0% | -4.5% | +8.9% | |
| Q2 2020 | -11.0% | -17.2% | -14.9% | |
| Q1 2020 | -5.8% | -10.4% | -5.1% | |
| Q4 2019 | +3.3% | +5.2% | -34.6% | |
| Q3 2019 | -6.8% | -6.4% | +10.4% | |
| Q2 2019 | +5.8% | +1.7% | +2.5% | |
| Q1 2019 | +5.2% | +8.8% | +4.4% | |
| Q4 2018 | -4.2% | -3.1% | +0.0% | |
| Q3 2018 | +5.6% | +6.9% | -6.6% | |
| Q2 2018 | +12.2% | +10.3% | +14.0% | |
| Q1 2018 | -8.0% | -6.7% | +5.9% | |
| Q4 2017 | +2.4% | +0.8% | +1.1% | |
| Q3 2017 | +11.7% | +9.1% | +20.3% | |
| Q2 2017 | +1.4% | +1.5% | +7.7% | |
| Q1 2017 | +4.0% | +4.8% | +7.0% | |
| Q4 2016 | +4.2% | -2.0% | -2.8% | |
| Q3 2016 | -19.9% | -21.0% | -19.3% | |
| Q2 2016 | +14.9% | +11.1% | +12.0% | |
| Q1 2016 | -3.5% | — | — | |
| Q4 2014 | -0.0% | — | — | |
| Q4 2013 | -0.0% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q3 2015 | -10.6% | — | — |
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