Enovis reports increased net sales in fourth-quarter, full-year 2023 financial results
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Key takeaways:
- Enovis Corporation reported increased net sales in its fourth-quarter and full-year 2023 financial results.
- The company projected revenue between $2.05 billion and $2.15 billion for 2024.
Enovis Corporation has reported increased net sales for the fourth quarter and full year of 2023 in its latest financial report, according to a press release.
Enovis reported $455 million in net sales for the fourth quarter of 2023, an 11% increase from the fourth quarter of 2022. The company also reported $1.7 billion in net sales for the full year of 2023, a 9% increase from the prior year.
“We are pleased with our results in 2023 with both revenues and operating margins exceeding expectations while continuing to make investments in key growth initiatives and [mergers and acquisitions],” Matt Trerotola, CEO of Enovis, said in the release. “We look forward to carrying this momentum into 2024, which is setting up to be a transformative year as we integrate Lima[Corporate] and kick off a multi-year cadence of new product introductions across reconstruction and [prevention and recovery],” he added.
According to the release, Enovis projects revenue between $2.05 billion and $2.15 billion for 2024.
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