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Livanova Plc (LIVN) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Livanova Plc

CIK: 1639691 Ticker: LIVN


EXHIBIT 99.1
livanovaimage1a02.jpg NEWS RELEASE


LivaNova Reports Third Quarter 2017 Results
 

London, November 2, 2017 –
LivaNova PLC (NASDAQ:LIVN) (“LivaNova” or the “Company”), a market-leading medical technology and innovation company, today reported results for the quarter ended September 30, 2017.

For the third quarter of 2017, worldwide sales were $309.7 million, an increase of 4.9 percent on a reported basis and an increase of 3.1 percent on a constant currency basis, as compared to the same quarter of the previous year. On the basis of U.S. Generally Accepted Accounting Principles (GAAP), third quarter 2017 diluted earnings per share were $0.57. Third quarter 2017 adjusted diluted earnings per share were $0.93.

"We delivered solid sales and earnings performance in the third quarter, with record growth in several of our product areas," said Damien McDonald, LivaNova's Chief Executive Officer. “While we grew in Neuromodulation, results were impacted due to delays in procedures as a result of hurricane-related activity, and also from broad patient deferrals in anticipation of the launch of our newest VNS Therapy® System, SenTivaTM, which received U.S. Food and Drug Administration approval in early October.  Growth in our Cardiac Rhythm Management business was slightly positive, aided by continued demand in Japan for our KORA250® device, even as we explore strategic options for this franchise.  Cardiac Surgery had numerous positive initiatives that coalesced, resulting in mid-single-digit growth in both our cardiopulmonary and heart valve product lines. Due to our strong year-to-date results and momentum across our business, we are increasing our full-year guidance for adjusted diluted earnings per share to $3.30 to $3.45.  We remain on track to meet our other full-year commitments and will continue to take actions that strengthen LivaNova’s position as a focused med-tech innovator dedicated to improving the lives of patients around the world."
  




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The following information was filed by Livanova Plc (LIVN) on Thursday, November 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Livanova Plc's 10-Q Quarterly Report:

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Inside this 10-Q Quarterly Report

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Unaudited Condensed Consolidated Financial Statements
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Material Contracts, Statements, Certifications & more

Livanova Plc provided additional information to their SEC Filing as exhibits

Ticker: LIVN
CIK: 1639691
Form Type: 10-Q Quarterly Report
Accession Number: 0001639691-17-000097
Submitted to the SEC: Thu Nov 02 2017 1:14:57 PM EST
Accepted by the SEC: Thu Nov 02 2017
Period: Saturday, September 30, 2017
Industry: Electromedical And Electrotherapeutic Apparatus

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