The chart below shows how CNMD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNMD sees a +2.09% change in stock price 10 days leading up to the earnings, and a -2.68% change 10 days following the report. On the earnings day itself, the stock moves by +1.04%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q4 Sales Increase: Total sales for Q4 2024 were $345.9 million, representing a year-over-year increase of 5.8% as reported and 6% in constant currency.
Q4 Adjusted Net Income Growth: Adjusted net income for Q4 2024 was $41.8 million, an increase of 26.2% year-over-year, with adjusted diluted net earnings per share of $1.34, up 26.4% year-over-year.
Adjusted Net Income Growth: For the full year 2024, adjusted net income was $129.9 million, a 20% increase compared to 2023, with adjusted diluted net earnings per share of $4.17, a 20.9% increase year-over-year.
Operating Margin Improvement: Adjusted operating margin for Q4 2024 was 18.6%, an increase of 280 basis points over the prior year quarter, while the full year adjusted operating margin improved by 150 basis points to 15.5%.
Operating Cash Flow Growth: Cash flow provided from operations for the full year 2024 was $167.0 million, compared to $125.3 million in 2023, reflecting a strong growth of 33.2% in operating cash flow.
Negative
Orthopedic Sales Performance: Sales growth for the Orthopedic business was only 2.4% in Q4 2024 and 2.5% for the full year, significantly below market potential due to ongoing supply challenges.
Decline in Cash Flow: Cash flow from operations decreased to $43.3 million in Q4 2024, down from $56.4 million in Q4 2023, indicating a decline in operational efficiency despite overall sales growth.
Cash Balance Decline: The company’s cash balance dropped to $24.5 million at year-end 2024, down from $38.5 million at the end of Q3 2024, reflecting potential liquidity concerns.
Cautious Revenue Growth Outlook: Projected revenue growth for 2025 is only between 4% and 6%, which is at the low end of the expected range, indicating a cautious outlook for the upcoming year.
Tariff Impact on Profitability: Potential tariffs from the new administration could impose an additional $45 million in costs, creating significant uncertainty and potential financial strain on future profitability.
CONMED Corporation (NYSE:CNMD) Q4 2024 Earnings Call Transcript
CNMD.N
-1.42%