Revenue and EPS Exceed Expectations
Second quarter revenues were $780.9 million, a 4.2% increase year-over-year, exceeding the high end of previous guidance. Adjusted EPS increased by 9.1% year-over-year to $3.73.
Interventional Segment Performance
Interventional revenue was $170 million, up 19.3% year-over-year, led by growth drivers such as intra-aortic balloon pumps and complex catheters.
Strategic Acquisition
Completed the acquisition of BIOTRONIK's Vascular Intervention business, expected to generate $800 million plus in annual revenues.
Positive Tariff Impact
Expected tariff impact reduced from $55 million to $29 million for 2025, contributing $0.50 to EPS improvement.
Progress in Clinical Studies and Product Innovation
Promising results from the study on chlorhexidine-impregnated CVCs and Titan SGS stapler, supporting their efficacy and potential for market penetration.