Enovis Corporation (NYSE:ENOV) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET

Company Participants

Kyle Rose – Vice President-Investor Relations
Matt Trerotola – Chief Executive Officer
Ben Berry – Chief Financial Officer

Conference Call Participants

Vik Chopra – Wells Fargo
Robbie Marcus – JPMorgan
Vijay Kumar – Evercore
Jeff Johnson – Baird
Young Li – Jefferies
Brandon Vazquez – William Blair
Danielle Antalffy – UBS
Caitlin Cronin – Canaccord Genuity
Mike Matson – Needham & Company
George Sellers – Stephens Inc.

Operator

Good day, and welcome to the Enovis Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Kyle Rose, Vice President of Investor Relations. Please go ahead.

Kyle Rose

Good morning, everyone, and thank you for joining us today for our second quarter 2024 results conference call. I'm Kyle Rose, Vice President of Investor Relations. Joining me on the call today are Matt Trerotola, Chair and Chief Executive Officer; and Ben Berry, Chief Financial Officer. Our earnings release was issued earlier this morning and is available in the Investors section of our website, enovis.com. We will be using a slide presentation in today's call, which can also be found on our website. Both the audio and the presentation of the call will be archived on the website later today.

During the call, we'll be making some forward-looking statements about our beliefs and estimates regarding future events and results. These forward-looking statements are subject to risks and uncertainties, including those set forth in the safe harbor language in today's earnings release and in our filings with the SEC. Actual results might differ materially from any forward-looking statements that we make today. The forward-looking statements speak only as of today and we do not assume any obligation or intend to update them, except as required by law. For further details regarding any non-GAAP financial measures referenced during the call today, the accompanying reconciliation information relating to those measures can be found in our earnings press release and in the appendix of today's slide presentation.

With that, I'll turn it over to Matt, who will begin on Slide 3. Matt?

Matt Trerotola

Thanks, Kyle. Hello, everyone, and thanks for joining us this morning. Let's start on Slide 3. We had an exciting first six months of 2024. We've made tremendous progress on the integration of Lima and delivered on our plans for sustainable profitable growth. In the second quarter, we delivered reported growth of 23% year-over-year and 5% on a comparable basis. We expanded our adjusted EBITDA margins by 190 basis points, reflecting the mix of Recon, productivity improvements and a step change impact from Lima. Overall, we are pleased with our accomplishments in the first half of 2024 and are confident that we've set ourselves up for a strong second half of the year.