NASDAQ$LIVN

LivaNova PLC · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

LivaNova reported increased revenue and operating income compared to the prior-year period.

LivaNova PLC reported a 3.8% increase in fourth-quarter revenue, reaching $321.8 million. U.S. GAAP diluted earnings per share was $1.02, while adjusted diluted earnings per share was $0.81. The company issued full-year 2025 guidance, expecting revenue to grow between 5.0% and 6.0% on a constant-currency basis and adjusted diluted earnings per share to be in the range of $3.65 to $3.75.

  • Fourth-quarter revenue increased 3.8% on a reported basis and 4.7% on a constant-currency basis.
  • U.S. GAAP diluted earnings per share was $1.02 and adjusted diluted earnings per share was $0.81.
  • Full-year 2024 revenue increased 8.7% on a reported basis and 9.3% on a constant-currency basis.
  • Full-year 2024 U.S. GAAP diluted earnings per share was $1.16 and adjusted diluted earnings per share was $3.38.

Headline financials

Total Revenue

$322M

Previous: $310M+3.8%
EPS (adj)

$0.81

Previous: $0.87-6.9%
Gross Profit Margin

66.6%

No prior period
SG&A as % of Revenue

40.6%

No prior period
R&D as % of Revenue

13.5%

No prior period
Operating Margin

11.5%

No prior period
Net Income Margin

17.4%

No prior period
Income Tax Rate

1.0%

No prior period
Adjusted Operating Margin

17.3%

No prior period
Adjusted Net Income

$44.2M

No prior period
Adjusted Net Margin

13.7%

No prior period
Adjusted SG&A

$122M

No prior period
Adjusted R&D

$40.3M

No prior period
Net Income

$55.9M

Previous: $16.3M+242.9%
Operating Income

$37M

Previous: -$88M+142.0%
Gross Profit

$219M

Previous: $187M+17.1%

Revenue & EPS history

LivaNova · Revenue · Quarterly

$322M

Q4 2024+3.8%vs Q4 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

LivaNova · $265M total across 3 segments · Q4 2022

  • Cardiopulmonary
    $137M
  • Neuromodulation
    $127M
  • Other Revenue
    $1.6M

Forward guidance

LivaNova expects full-year 2025 revenue to grow between 5.0% and 6.0% on a constant-currency basis and between 6.0% and 7.0% on an organic basis. Adjusted diluted earnings per share for 2025 is expected to be in the range of $3.65 to $3.75.

Tailwinds

  • Revenue to grow between 5.0% and 6.0% on a constant-currency basis
  • Revenue to grow between 6.0% and 7.0% on an organic basis
  • Adjusted diluted earnings per share for 2025 is expected to be in the range of $3.65 to $3.75
  • Adjusted free cash flow is expected to be in the range of $135 million to $155 million

Headwinds

  • Foreign currency is expected to be a headwind of 1.5% to 2.0%

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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