NYSE$ENOV

Enovis Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an increase in sales and adjusted EPS, driven by strong performance in both ESAB and MedTech segments.

Colfax Corporation reported strong first-quarter results with an 8% increase in sales and a 16% rise in adjusted EPS. The company's performance was driven by increased demand and margin expansion in ESAB, as well as improved market conditions and share gains in the MedTech segment. Colfax is raising the low-end of its adjusted 2021 EPS guidance range to $2.05-$2.15.

  • Reported $0.19 EPS from continuing operations and achieved $0.44 of adjusted EPS.
  • Grew sales 8% including organic sales-per-day growth of 9%.
  • Announced expanded fast-growing foot & ankle business with the acquisition of MedShape.
  • Raising low-end of adjusted 2021 EPS guidance range to $2.05-$2.15.

Headline financials

Total Revenue

$879M

Previous: $816M+7.7%
EPS (adj)

$1.32

Previous: $1.14+15.8%
Capital Expenditures

$24.5M

Previous: -$31.1M+178.9%
Free Cash Flow

$60M

Previous: -$25.6M+334.3%
Net Income

$27M

Previous: $5.51M+390.2%
Operating Income

$61.3M

Previous: $46.8M+30.9%
Gross Profit

$371M

Previous: $348M+6.6%
Cash & Equivalents

$764M

Previous: $366M+108.9%
Total Assets

$8.07B

Previous: $7.46B+8.2%
Stock-Based Comp

$7.81M

Previous: $6.12M+27.5%

Revenue & EPS history

Enovis · Revenue · Quarterly

$879M

Q1 2021+7.7%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Enovis · $131M total across 1 segment · Q2 2022

  • Reconstructive
    $131M

Forward guidance

For the second quarter of 2021, Colfax expects adjusted earnings of $0.48 to $0.53 per diluted share. This guidance range reflects the recent equity issuance and senior note redemptions.

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 2021

Historical avgQ1 2021

+1.6%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.1%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+21.3%

Q3 2011

Best reaction

-18.7%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.7%+4.0%-4.5%
Q4 2025+13.8%+13.3%-2.2%
Q3 2025-9.7%+0.1%-14.2%
Q1 2025-2.9%+9.1%-7.2%
Q4 2024-4.9%-10.1%-10.3%
Q3 2024+10.6%+9.3%+10.0%
Q2 2024+4.0%+1.0%+3.5%
Q1 2024-7.5%-5.7%-9.3%
Q4 2023+4.3%+2.0%-0.1%
Q3 2023+4.0%+3.2%+8.8%
Q2 2023-5.6%-8.1%-10.0%
Q1 2023-1.8%-3.7%-3.9%
Q4 2022-9.6%-6.4%-18.9%
Q3 2022-3.4%+7.4%+15.9%
Q2 2022-3.7%-4.4%-17.5%
Q1 2022+5.7%+5.9%+7.4%
Q4 2021+0.9%+2.8%-3.7%
Q3 2021+0.4%-1.4%-14.9%
Q2 2021+3.6%+2.1%+8.5%
Q1 2021-1.1%-5.9%-3.2%
Q4 2020+13.7%+17.2%+16.8%
Q3 2020-4.1%+3.0%+30.8%
Q2 2020+6.8%+13.0%+8.1%
Q1 2020+14.6%+6.6%+33.4%
Q4 2019+2.8%-5.1%-55.3%
Q3 2019+9.6%+11.5%+6.0%
Q2 2019+7.9%+5.3%+15.1%
Q1 2019-5.5%-6.5%-4.7%
Q4 2018+5.3%+6.8%+15.0%
Q3 2018-0.3%+0.8%-12.5%
Q2 2018+5.5%+0.8%+12.9%
Q1 2018+2.2%+5.3%+1.1%
Q4 2017-8.5%-14.2%-11.2%
Q3 2017-12.7%-13.7%-14.0%
Q2 2017+1.1%+0.9%-4.3%
Q1 2017+1.9%+2.4%+7.4%
Q4 2016+2.2%-0.5%-5.0%
Q3 2016+7.8%+5.4%+26.9%
Q2 2016+0.0%-3.2%+3.4%
Q1 2016-18.7%
Q4 2015+18.9%
Q3 2015-6.5%
Q2 2015-5.1%
Q1 2015-0.8%
Q4 2014-0.9%
Q3 2014-5.1%
Q2 2014-6.9%
Q1 2014-3.4%
Q4 2013+7.0%
Q3 2013+0.0%
Q2 2013-0.1%
Q1 2013+4.5%
Q4 2012-5.8%
Q3 2012-2.7%
Q2 2012+5.2%
Q1 2011-5.7%
Q1 2012+1.3%
Q4 2011-1.9%
Q3 2011+21.3%
Q2 2011+16.2%
Q4 2010+16.2%
Q2 2010+16.2%
Q3 2010+1.0%
Q1 2010+0.0%

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