BVS
Bioventus Inc.7.52
+0.02+0.27%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Segment growth details, PNS insights
Q&A delivered granular 2026 growth expectations: low-to-mid single-digits for Restorative Therapies, mid-to-high single-digits for Pain Treatments, double-digits for Surgical Solutions. Management pinned Q4's 15% Pain beat on volumes, Duralane strength amid single-injection shift, and ~$2 million distributor tailwind now normalizing into softer Q1 alongside fewer selling days. PNS pilot validated technology's power, size, and ease, informing scaled rollout under new GM Rosengarten. Ultrasonics investments prioritize spine expansion. PNS/PRP reaffirm minimum 200bps contribution. Answers largely reinforced prepared optimism. Investors track profitable Pain handoff to growth drivers.
Key Stats
Market Cap
503.66MP/E (TTM)
47.00Basic EPS (TTM)
0.16Dividend Yield
0%Recent Filings
10-K
FY2025 results
Bioventus posted flat FY2025 net sales of $568M, with U.S. down 0.9% yet Q4 momentum building on Pain Treatments acceleration—Durolane up 5.7% y/y annually, Surgical Solutions gaining 7.6% on BGS/Ultrasonics volume. Restorative Therapies plunged 29.5% post-Advanced Rehabilitation divestiture, but EXOGEN countered with $6.5M growth. Gross margins expanded 0.6pp to 68.3% via favorable BGS mix and EXOGEN collections, while SG&A fell 8.7% sans litigation costs; Adjusted EBITDA rose 6.7% to $116M. Q4 debt refinance slashed rates, yielding $2M annual savings; $97M revolver availability bolsters liquidity. Wound divestiture earn-outs missed.
8-K
Q4 organic revenue up 10%
Bioventus posted Q4 revenue of $157.9 million, up 2.8% reported but 10.0% organically, fueled by 15.1% Pain Treatments growth despite rehab divestiture drag. Full-year organic revenue rose 7.5% to $568.1 million, with Adjusted EBITDA climbing 6.8% to $116.3 million and cash from operations surging 92%. Guidance eyes $600-610 million sales in 2026. Debt fell $29 million.
8-K
Bioventus adds S&N strategist
Bioventus appointed Ajay Dhankhar, PhD, Smith & Nephew's Chief Corporate Development & Strategy Officer, to its Board as a Class II director on November 14, 2025, fulfilling S+N Stockholders' right under the 2021 Stockholders Agreement for a second designee alongside Philip G. Cowdy. Dhankhar brings 25 years at McKinsey in life sciences strategy and M&A, plus stints at Lazard and his advisory firm. No compensation. Board gains medtech expertise.
10-Q
Q3 FY2025 results
Bioventus posted flat Q3 net sales of $138.7M, down 0.2% y/y yet edging up from Q2 on Pain Treatments (+6.5% y/y) and Surgical Solutions (+9.3% y/y) gains that offset Restorative Therapies' drop from the Advanced Rehabilitation divestiture. Gross margin lifted to 68.0% (up 0.7 pts y/y), operating income hit $11.3M (vs $3.6M y/y), and diluted EPS swung to $0.05 from -$0.08, reconciling to 68.8M shares; YTD sales fell 2.3% to $410.2M but operating income turned $34.5M positive (derived). Cash holds at $42.2M with $36.7M operating cash flow (up sharply y/y, no capex for FCF); July's $300M term loan refinanced old debt at lower 6.81% rates to 2030, $75M revolver availability. Debt covenants met. Shareholder litigation lingers.
8-K
Q3 organic growth, profit jump
Bioventus posted Q3 revenue of $138.7M, flat reported but up 8.2% organically despite prior-year rehab divestiture drag. Profitability surged—GAAP EPS swung to $0.05 from -$0.08, Adjusted EBITDA hit $26.6M (19.2% margin), cash from ops rocketed 192% to $30.1M. Pain treatments and surgical solutions grew; restorative therapies advanced organically. Reaffirms full-year guidance. New debt saves $2M interest yearly.
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