Double-Digit Sales Growth
Edwards Lifesciences reported a 12.6% increase in sales for the third quarter, reaching $1.55 billion, driven by a diverse portfolio across multiple therapeutic areas.
Increased Guidance for 2025
The company raised its full-year sales growth guidance to the high end of the previous 9% to 10% range, and also increased EPS guidance to between $2.56 and $2.62.
Strong TAVR Sales
Third quarter global sales of TAVR increased 10.6% year-over-year, reaching $1.15 billion, surpassing expectations.
TMTT Sales Surge
TMTT products saw sales of $144 million, a 53% increase year-over-year, driven by the PASCAL and EVOQUE systems.
Positive Clinical Data
Presentation of long-term data at TCT, including 7-year data for the PARTNER III trial and real-world registry data on EVOQUE, highlighting the durability and performance of Edwards' products.
Strong Balance Sheet
Edwards maintains approximately $3 billion in cash and cash equivalents, with an increased share repurchase authorization of $2 billion.