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爱德华兹生命科学预计2025年销售额为56亿-60亿美元，市场预期为59.1亿美元，调整后每股收益为2.40-2.50美元，市场预期为2.44美元，并重申2024年按不变汇率计算的销售增长指导为8%-10%

财报速递
Dec 04, 2024
2025年指导 销售额：56亿 - 60亿美元（按不变汇率计算增长8% - 10%） TAVR：41亿 - 44亿美元（按不变汇率计算增长5% - 7%） TMTT：5亿 - 5.3亿美元（按不变汇率计算增长50% - 60%） 外科手术：9.7亿 - 10.5亿美元（按不变汇率计算增长中等个位数增长） 外汇对销售的影响：约1亿美元的不利影响（报告增长率下降约2点） 调整后毛利润率：78% - 79% 调整后运营利润率：27% - 28% 税率：15% - 18% 调整后每股收益：2.40 - 2.50美元 摊薄股份总数：5.85 - 5.95亿 预计2026年及以后的结构性心脏治疗法贡献增加；目标是公司销售额年均增长10%和每股收益两位数增长 主要来源于EARLY TAVR和PROGRESS驱动的TAVR中高个位数增长 TMTT对增长的贡献增加，预计到2030年达到20亿美元 包括结构性心力衰竭和AR在内的新治疗领域的贡献增加

以上内容来自Benzinga Earnings专栏，原文如下：

2025 Guidance

Sales

$5.6 - $6.0 billion

(8% - 10% constant currency growth)

TAVR

$4.1 - $4.4 billion

(5% - 7% constant currency growth)

TMTT

$500 - $530 million

(50% - 60% constant currency growth)

Surgical

$970 million - $1.05 billion

(mid-single digit constant currency growth)

FX Impact on Sales

~$100 million unfavorable

(~2pt downside to reported growth)

Adjusted Gross Profit Margin78% - 79%
Adjusted Operating Margin27% - 28%
Tax Rate15% - 18%
Adjusted EPS$2.40 - $2.50
Diluted Shares Outstanding585 – 595 million
  • Increasing contribution from an expanding set of structural heart therapies in 2026 and beyond; targeting 10% average annual total company sales growth and double-digit EPS growth
    • Mid-to-high single digit TAVR growth driven by EARLY TAVR and PROGRESS
    • TMTT increasing contribution to growth, reaching $2 billion by 2030
    • Increasing contribution from new therapeutic areas including Structural Heart Failure and AR

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