What guidance did CONMED's management provide for the next earnings period?

What is the market's earnings forecast for CONMED next quarter?

What were the key takeaways from CONMED’s earnings call?

What is the revenue and EPS growth rate for CONMED year over year?

What is CONMED's gross profit margin?

What does CONMED do and what are its main business segments?

Did CONMED beat or miss consensus estimates last quarter?

What is CONMED's latest dividend and current dividend yield?

- **Revenue Growth**: Q3 2025 revenue of $338 million (+6.7% YoY) driven by strong performance in general surgery (+6.9%) and orthopedics (+5.3%).
- **Strategic Shift**: $150 million share repurchase program replaces dividend, enhancing financial flexibility.
- **AirSeal Momentum**: Expanding into international markets and ASCs via Xi redeployment, with clinical benefits driving adoption.
- **Financial Guidance**: Q4 2025 revenue $363-370 million, adjusted EPS $1.30-1.35, with $0.07 EPS tariff headwind.
- **Supply Chain Progress**: Record orthopedic manufacturing volumes; ongoing improvements in procurement and production systems.
- **BioBrace Expansion**: Usage in 70+ procedures, up from 52, reflecting clinical versatility and surgeon engagement.


**【CEO Summary Section】**
- **Q3 2025 Revenue**: $338 million, up 6.7% YoY (6.3% in constant currency), driven by 6.9% growth in general surgery and 5.3% in orthopedics.
- **Strategic Portfolio Review**: Focusing on core markets (minimally invasive surgery, smoke evacuation, orthopedic soft tissue repair) with key platforms like AirSeal, Buffalo Filter, and BioBrace.
- **Capital Allocation Shift**: Suspended dividend, replacing it with a $150 million share repurchase program to enhance shareholder value.
- **AirSeal Adoption**: Expanding into international markets and ASCs via Xi system redeployment; clinical benefits (shorter LOS, reduced pain) drive attachment rates.
- **Supply Chain Progress**: Record manufacturing volumes in orthopedics; ongoing improvements in procurement, planning, and production.

**【CFO Financial Commentary】**
- **Adjusted Net Income**: $33.4 million (up 2.2% YoY), with EPS of $1.08 (2.9% YoY growth).
- **Gross Margin**: 56.1% in Q3, pressured by 40bps from manufacturing variances and 20bps from tariffs.
- **Q4 Guidance**: Revenue $363-370 million (mid-single-digit growth), adjusted EPS $1.30-1.35.
- **Tariff Impact**: $0.07 EPS headwind in Q4, consistent with prior guidance.
- **Leverage Ratio**: 3.0x, enabling flexibility for capital returns.

**【Q&A Key Highlights】**
- **Capital Allocation**: Shift to share buybacks reflects alignment with peers and enhanced financial flexibility.
- **Tariff Transparency**: Tariffs from Q1-Q2 2025 impacting Q4 P&L, with clear visibility on timing and magnitude.
- **AirSeal in ASCs**: Benefits of shorter LOS and pain reduction drive adoption; early Xi redeployment in international markets.
- **Orthopedic Recovery**: Supply chain improvements expected to continue, with gradual market share recapture post-backorder resolution.
- **BioBrace Expansion**: Usage in 70+ procedures, up from 52, reflecting clinical versatility and surgeon engagement.
- **Capital Environment**: Healthy hospital investment in OR efficiency and patient outcomes-focused equipment.


CONMED Corporation (CNMD) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CNMD

CNMD fundamentals

You can ask Aime