- Earnings call transcript Q3 2022

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Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Enovis Third Quarter 2022 Earnings Call. I would now like to turn the call over to Derek Leckow, Vice President of Investor Relations. Please go ahead.

Derek Leckow

Thank you. Good morning, everyone. us our joining conference quarter for call. you today third for results Thank Vice Relations Enovis' the and of on Derek announced end and President I'm Leckow, of we who Investor Chris Vice and today previously retires Matt Ben the Berry, Executive serve the are and when Trerotola, year. Hix, CEO; as Chris will President CFO; CFO call me joining at

this website, Our Relations morning We'll was earnings earlier and Investor slide our be issued in be found a call, section available using Both on of today's today. our presentation slide archived call which enovis.com. of and also is be will the the in on website. later release presentation audio this the can website

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

Matt Trerotola

high growth great are sustainable am I discuss strategic to digit strong clear this progress Derek. organic Thanks quarter. goal demonstrating strides We of had single our growth. operating and toward and our strategic pleased

P&R solutions and inflation and to I'll that results, is a we technologies continue to growth. exciting our versus continuation structure. throughout and momentum. our healthcare workflows. by taken business are our product drive outcomes improve Enovis. that Our In using part progress of produce innovation innovation, high new gains to highlights an aided supported price the improve from load year cost quarter, our leverage system on engine margins strong cost offering by EGX in moment, latest also continues and a operating productivity core improve to patient Teams growth improvement our Despite discuss this sales We've action this our and vitality to

our want foot acquisitions addressable global and to expand These ankle high continue and double-digit med-tech earlier of our this dedication growth including our are market impressed as quarter and contributions in and for continue growth fuel excitement Our businesses the the reconfiguring be our sales our teams channels after strong their to performing year. thank build I this business share value a company. we associates gain. as by to expected,

will has expanded organic successful to now fully our and also surgical market double commercial to we contributing further XX%, another again strong was including US XX% demonstrating In across and growth. international Our double-digit and insourcing US the contributions revenue margin execution. double-digit start We expansion. third acquisitions. in markets all favorable achieved on our Total year of grew our quarter, strong programs acquired quarter market Mathys four. highlighted ago is requirements this above strong is segment of franchise results. This of our Slide growth lines. achieved from and for sales the our facility by We growth positioning, growth digit product level. Organic strong portfolio digit strength, a had product support growth double it Recon underscored well growth

segment Recon very well and is for organic strong sustainable positioned growth. Our

can is products FDA exciting in highlighted market and rapidly and you growing the faster segment. Slide growing our were and Dyna Clipp into XXX(K) five, opportunities. that ankle see Dyna and can the products Foot we invested benefit These AOFAS indications As a metal several DynaNail including shape conference, Helix. successfully have At Quattro, Delta, innovative cleared, new that Clipp we the on extend the surgeons. recent technology patients recently

our strongly Switzerland KOL margins and will is cross-selling products, between market interest solidify network Mathys seven of to teamwork great growing to Our we're those well from on gross Recon that our growth We extremely with and surgeons see excited got recently markets. European well attend I leveraging our conducted in to making business US as from one our above the surgeons of progress show great competitive teams. international and was Enovis workshops commitment to improve in as innovation. in advantages the sessions the countries,

the augmented We its and real have procedures us number Insight EMPOWR We is accretive Arvis acquisition quickly, highly very completed in healthy and Systems that is opportunity both funnels efficient. confidence reality free shoulder. Medical our and space also guidance and the accurate recently for Knee growth of potential positive system. very time, of delivers hands of AltiVate surgical differentiated ramping our surgeon cost surgical this and The feedback gives technology.

Its underlying also continues our and X% we its segment, line goals recovery our six, a than the business grow growth strategic strong markets. with to prevention organic the for was faster in Slide to quarter. believe Turning had and business

in the inflation cost for the inflation gross effect. net Recon as talked with sequential price years We In quarter, remain the to improvement inflation and margins. to mitigate customers two stemmed normalizes market our these are the year-over-year and capabilities reading erosion the past the actions pressures most levels to the net our the and We incurred coming heavy further in segments are operational earlier recover environment We committed years. within in continues business. of leader cumulative about strengthened through. and prices our P&R team increase has third the our clearly healthy to vitality most of company's

and The in rate. we significant seven, great knit to platform. on We sleeve. the with P&R well and better dynamically patients investing highlight outcomes. recovery to on strides braces apps healthy leadership a and development patient now team company an Medicine's can We've of to X-ROM rehab postoperative patients make P&R videos strategy. real exciting innovations XD R&D Slide smart programs feedback. The rehab Award. brace, our to as achieve Orthopedic exercise in our recently the encourage MotionIQ receive rehabilitation SRB IQ Patients iQ been and great recovery introduced access and ACE were our proper award-winning and On time Meeting, care during the coveted monitor recovery patient market monitoring innovation, mid-teens at during and for Sports the that or and solutions continue Pro customize recently adjust furthers patient's sustaining Society a functional intervene winning Annual American dashboard updates compliance We recognized the techniques These knee compression and digital help to programs sensors combine journey. groundbreaking vitality These

$X on med-tech our digit XXXX. QX, single progress to high In addition create accelerating in a by eight the revenue also strategic growth. organic our organic this toward to shows terrific company performance year making growth important towards goal billion path Slide sustainable we're

that that Our faster segments. in processes of better performing and we the market acquisitions us in strength growing innovation position cornerstones success our high do, strategy, teams, reflects in everything continuous improvement

industry since well the against our when M&A our year are positioned Slide to We we're improving the are large inflation a nine of that our we markets target have performance. COVID, in are proud outgrow achieve encountered in most that this Considering significant to and margins also goals. we funnel shows execute our not.

If margins basis and acquisitions, we've you year-to-date. impact currency of peel recent the away our points increased core XX movements

that also creates taken leverage operating journey, million helps strong $XX margin structural we've XXXX. costs growth out our Our of versus and

great drive we us beyond. ability and our expansion. continue long the to our of We a confident XX% a pricing have but In every currency that additional further and expect XXXX headwind our year basis drive achieve to productivity forward term and that move XX% FX extending inflation. from As ultimately in inflation about leverage made pressures XXX EGX net to we us to toolkit, points margins and acquisitions remain will are required recognize goal. progress, time margin alone, scale, our We've

take the Now, to our through over near Chris? turn I'll to QX Chris you financial call outlook. results term and

Chris Hix

my remarks Slide organic growth start prepared had quarter XX. in expansion. on I'll Matt. operating above thanks with We margin strong and Well, market QX core

offset a Our margin of company each other. the and grew organic our year-over-year, basis grew growing higher factors reflecting FX margins points Gross Recon XXX with X% segment. faster acquisition strong component

the been quarter also pressures in We P&R business. our net each reduced had that increasing inflation

expansion in strong another quarter. expect of quarter We the gross margin fourth year-over-year

margins drivers. joined key EBITDA quarter margins, margins XX.X% by with point. average Recent the reduced which of several company less a year-over-year reflect in year-over-year full Enovis Our than acquisitions

growth. from margins We to expect fast scale expand these as acquisitions

margins in temporarily rate Our points increased $X.XX our core our from the in quarter having XX Besides XX operating or year-to-date, having results one-time pushed inflation. basis included points benefits the strong EPS net below significant of despite pressure QX. basis performance, tax that quarter XX% tax in

in year the in pop the We at into the rate mid-twenties and back XX%. QX full expect tax around to

We our reduce rate XX% are tax working year. lower or sustainably next can that to implement changes to

and costs of results current reflect stake QX retained interest higher rates. also the value that ESOP Our include the interest higher

through finish of year results QX are shown the XX. and on are We positioned as the a healthy pleased Slide for with

higher QX earlier, As be rates. we Matt expect QX growth to at than noted organic or

fast year market expecting there and cancellations, Overall and operating our of continue pressure procedure staffing organic are from share pockets growth caregiver growth product market is execution improving strong about by disruptions. other to market seasonally, and X.X% but vitality gains. We are growth full supported

roughly lower trends, XX% into to inflation full we currency that continue We toward reflect year market of believe of will year, EBITDA persistent updating and for end currency our of three XXXX. demand the growth projecting challenges total the including are points headwind. previous We're about guidance

margins are our in to to margin inflation highest revenues. our absorbing. This expand outgrow reflect year, and our expect net pressures sequential despite we performance and that XXX FX the basis includes seasonally We a this of combined points markets growth QX strong

outlook this Our includes year's recent interest XXXX one-time expansion, tax benefits. and margin increasing costs EPS

pleased with are We digit this double our EPS for year. growth forecast

we've created summarize a market to XX, outperformance, and both with margins. on growth So sustainable company for Slide

a a successful continuous and capacity strategy business have teams, engine, more. M&A with that healthy for We strong lot drives a a innovation improvement system

for be a strong We call into leader. be enduring I step questions. as will go a of been earnings are shaping my company part end a my pleased med have having call the retiring ahead Colfax at retirement a of to let's in open note, such month. I'm satisfaction strong this personal I'm And to ended Barry, we On will growth with shoes new notice tech an last the a that that, who team Ben and up and accomplished lot and CFO, the with the

Operator

Vijay [Operator instructions] proceed. comes Evercore from from question Our Please Kumar first ISI.

Vijay Kumar

And steady question tough here execution growth? implied here. in and just QX first top 'XX? Congratulations a should at for on the singles still about you this singles? high growth Can here. on high industry on is line any that's driving my at early the a the pretty X% model talk coming Maybe thoughts organic, looking visibility What's be 'XX, above we comp.

Matt Trerotola

Yes. question, Vijay. for Thanks the

this the sort growth back so businesses. And of and We're are QX of from in of our off a back narrow that the up seasonal is think at real a was, table. recon gain possibility step pressure the same few year QX. on a feeling possibility a growth July. to head year out as up June going this into we there At expecting we of in months. how of But strong the share kick did to not nice late time, That point the is finish probably the and on And business we a was a -- shows point, we we're our that see expect across in and give at some we the than the heavier some side to in yes, terms try standpoint. nice normal guide say,

a seasonal backside markets the side, on finish Recon of side. the year Recon we're are So a normal And on the sort to of expecting feel pressure. like steady the we feeling that of they're and P&R the some

growth quarter the about into to the 'XX. or in as we feel head year better So same have good the fourth path we of the here

Vijay Kumar

midpoint, M&A.? inflation, we in I And you. margins different into headwinds the guidance total 'XX? at XX heading EBITDA here. margins is impact on maybe reason you around of The year-on-year. those inflation the If about Got FX just should the XX%, basis look and the our is I what buckets, in improve? XX%? up points M&A, the Or implied moving year expect any just What's What pieces Chris, at X talk think Can the X I parts? of improvements is, ask FX for

Ben Berry

take that. about Thank the year, the if mean, I kind controllables. This you our continuing margin Yes, question. I'll of for Yes, we're Ben. you is control to this performance think

As which as while we're expect year. some a that inflation the the some showing are is Matt some lot a It some And of through we mentioned of we're FX mentioned, be do showing We pressure tough next continue go continues points. our that of we taken contracting. into managed that what of benefit out and to as system, that XXX the competitors expanding we're remarks prepared environment. to cost of we've us about given the has the in basis of we've

a to as we next year. but some making into we're step we those good continue forward, do expect So go pressures of

Chris Hix

comment And interesting. just roughly would then the add expectation with expand margins minus, we that points X or that I'll year the XXX then plus it's started is basis

you controllable part piece XXX basis about right absorbing that much the business. inflation, at the points, on which is with that of If track we're FX look pretty and we're

we're So margins to as continue now forward see we executing as help drive inflation we go a bit where to dynamic, little can, us that price the and ground here. gaining on we'll

Operator

Chopra comes Fargo. question proceed. from Please next Our from Wells Vik

Vik Chopra

had and X this Chris, of guess your a all I'll on I and upfront. great for year I quarter, on retirement. here, X your Congrats questions. third luck thanks help ask best

Mathys specifically up following you you're right on like I items But aware headwinds you're the on providing question share? potential and can really second XXXX, Just any know framework I FX and not tailwinds? your a inflation now can quarter. Vijay's now. on on how XXXX. running us questions think guidance Obviously, well P&L of was European And through this performed the give Any that to had you about business.

given recession talks slowdown procedure procedure QX are volumes? of disruption to volumes in in any when Europe, a Europe? demand Just comes potential in a expecting you have it And seen in you

Matt Trerotola

Vic. a Thanks lot,

those Let me try to pick up.

we're few certainly early not ready a We'll next I'll to that do XXXX. though. think guide year. things, I say

First, shows our high single-digit of think demonstrating think, performance. to I that we we're and in are capable growth, year terms of our our I driving what growth certainly relative this consistent company growth really, organic

see this As this I year, in how maybe into a and have in of we'll half think we the tailwind turn as it does corner bit next kind look things of extra far the it. to as little of have a year on year price little But next year. recovery back

And to same as feeling have kind currency and next not as able be on going is year. pressure I that there. think confident we're so of be expect leaning year inflation to probably we of of this that guide keep year to we're having some commented versus that we'll margins in inflation we're on going our And a thoughtful also before, super forward. next as kind part, But moving far the was the

our another playing And way forward in I so of my step that based said little longer comment, out. goal good we'd expect the has XX% path couple gotten are the But on goal. take bit a years to this to towards as

lot from demand then to healthy both and question, in been positive US over our products we're they've performance of bringing that team. in Europe On by seeing between pretty Hip the of the strong our the there. market Mathys in the Europe products and business, innovation A bringing some existing and energy

seeing end and place still team That's seeing the the year we've back. a right a a that seeing on now to slowly kick Certainly, solid a of might the improving sort there. of now, really thought very year, the about momentum the it over had got the are there. of we're in excited healthy lot and over Australia. But certainly market finish pressure in the just are is at we kind continent Mathys so X we're the not markets dragging market that's of and And we here X

Operator

Our KeyBanc. next Matthew proceed. from Mishan from question Please comes

Matt Mishan

I change fourth just stronger you the as fourth the implied, want quarter it to understand ramp previously in think First, I a Because had the in implied guidance. quarter.

and third a what you I think -- quarter. had good really

changed around in like thinking your what's So growth? XQ like organic

Matt Trerotola

to with quarter heavy a Yes. Matt, be to clearing the the fourth for clears. pretty on lead we the some comments I the from backlog of keeping in thanks decel question. could the last kicker the full on small of terms even possibilities of might be. we And kind in were In frame, band our keeping think in a pressure a what year to the call, the growth of that half transparent that back COVID tried range everything and real wide

potentially in a we're So still but growth what I the in is pressure, range out, the back around delayed there. quarter. terms In expectation the in little of the P&R and expected the QX of little fourth couple pressure playing then think X in in And backside that's that's what pockets the the of path US, quarter now some June elective acceleration. dialing we some ones is have And mentioned, cancellations outside impacts that pressure had pockets the of whether of QX, the normal in was areas US markets least And an of we areas. there we'll wide the that larger bit pressure at can I you in we're Australia, market P&R it's a certain business, a of side, And of that's certain on really a seen I there's have our did seasonality the that third bit are under in see, the one still or as think seeing of we elective staffing signal and the in, a of possibilities pressure. July. there and in

the we're thoughtful as we happen the of some in goals. shows year, company, for affect P&R kind of We've guide our there how proud so half to stacks strong finish, to can how QX. good, to on ability X.X% which make put business of year it should the full growth of expect be the something back strong down up good, strategic a going certainly about and we're thinking it And of seeing progress now is as about our what how that terms and in out it a

Matt Mishan

Excellent. Alright. that line the I'm you XX% that XX%? comment a and put about you the that. should mentioned we not a And time can I to then context goal. think ever extended, sure path that's achieve you on your into time frame think is to how put But long-term that

Matt Trerotola

Yes.

feel grew a we is a could see path basis What's or about the As our progress they recovering taking price/cost, We about happened of at terms XX%, the of that currency headwinds of execute pacing move inflation to year is and waves that bit while to up would in offsetting that against talked that. and path credible maybe how scaling Chris of that factors to the squeeze the path portion various to path have a an said, next out we acquisitions started about structural little as that. a continuing had we the can towards basis, in as margins the very this could we that about time, year, so some talked back carry the underlying talked of expecting drive we of we're points XXX see on talked implied that acquisitions. very then progress year and driving and of year, pressure to a and that points basis XXX productivity, that system, to are already a of high XXX closer this the to happen. there And that that into those credible credible gross we costs

larger be annual And about so currency situation to that is there's the still towards say until that little But blow be have there big here more first transparent of here we're goal we're to opportunity to progress to and progress and trying a eventually strides that and what clears, look trying like. years to modest XX% past goal. be our couple annual inflation transparent to going this of that

Matt Mishan

being Excellent. you connected customers as can think of improved the paid could I idea just of a then to this "This back thinking how Like it? get solution. Motion getting And are what How is mean and then we Alright. outcomes that I that? saying, you going and about for iQ. paid And on you a do that and your love show -- for being you with solution." result it

Matt Trerotola

question, Yes. great That's a Matt.

connected bracing only and to health because opportunity First the potential of lead in the need the really cost. the our way all, total along a meet the continuum decided as bracing, that player there orthopedic great company, there care better to going in the has full leader outcomes less really in clearly at really have of care of that is system plays we we're

so there the we're solution really we've with we've that out feedback that's a opportunity, got there's available positive way need great, some And on. that got the great technology the a leading there, here. big and good and we're confident And

about brings the health that, in solution able to that because seen the time, their benefits over the at industry other think we've I reimbursement a things We're of over of if to you you have getting we've a same time, number confident that can with in follow. great that into that demonstrate to terms Now of care solution, demonstrate it the we're a that very start And benefits journey the great this how parts protocols provides. excited develop being is got working and docs now be solution. a time, going

extra solution of doesn't a have Fortunately, lot the cost.

great marketplace, time. way US the data apps to funded getting of we've outside it into the lead is developing a way could several the countries and in get seen have to the reimbursement And solutions. start reimbursed that for And over also where connected. there getting to US so that an some out environment medicine There's to in the not connected reimbursement other now lead it's

And that's that's to go we're way. leading going and way are feel over the to so we a be here things going like the likely time, company

Operator

Our comes proceed. Please next question from Jefferies. from Li Xuyang

Xuyang Li

a Chris. transition help can your the of growth forward sounds all best that you, luck good during Thanks progress retirement, for with for I this seen and are you and your to returned products on made good helped Congratulating intermediate some question, working period the of well. with to Foot most maybe and us? as going the update give integration new the guess the we forward Ankle It outlook in like you behind it? as on STAR Ben, an the well. by and lot And in see of for as Should us first looking assume you modernize double-digit Ankle to QX channel strong quarter. disruption

Matt Trerotola

for the question, Xuyang. Thanks Yes.

about excited in and opportunity Ankle. the are We and progress Foot

channel the We through have worked integration.

I we're now feel And there. path on so like a good

year, and in on have cutting out -- we our next STAR are We switched we'll into expect new product. front, we move in as that guide that poly have the the market

to to what's reintroduce people start to we've excited that coming. so and already product And the get been able marketplace about

call start surgeons recovery that back potential And I that use STAR well last to plating back come that as as that using we've year products get Arsenal we've got will of great pipeline then coming -- -- new lot excited think into love there's the the And share it about and that a some that great launched to a business, start there on in talked STAR market number Ankle got about Ankle and quarter. next do the certainly so of we the after are a innovation again. to we and here and

and between interesting able lean growth business nice very integrated going that space our Foot a like some the in being next on to also STAR Ankle path, and bolt-ons as year, great kind in that channel, to well. is are on we feel innovation and be there's So potential of

Xuyang Li

How's on focused your really either the I think and term. have from in Alright. intermediate Great. perspective? going? product looking That's discussions there guess targets on environment, I areas billion you're helpful. with $X M&A around a you capacity And any pipeline are more in the or and scale valuation the

Matt Trerotola

Yes.

terms bring areas businesses So pipeline accelerate same our healthy can about and can differentiated growth expand our geographically direction be into the into it's opportunities to that standpoint. access growth it offerings in portfolio the positive that market portfolio things P&R is that our of from and margin that our we Recon we've that a and shape a bringing would talked in in past M&A will in the

high-value kind So less same but environment do the the there. terms the looking businesses. see in opportunities of a number funnel of in valuation a at of different we It's definitely frothy environment, at the time, we're

find get things businesses, But in -- fair time, we're the we're here some valuation better them to But to coming done ago. same do to And year to going think discussion a have pay to to going acquired. a do think order it if I that to get and be at able high-value a good in than price be so the was they're quarters. I it's going

Operator

comes Kyle from question next Please Rose Canaccord from Our Genuity. proceed.

Matt Trerotola

there? you wants Are to. if Looks operator. Kyle. Hey we him get like the queue lost We in back Kyle, can he

Operator

Rose from Our next Canaccord. question from comes Kyle

Kyle Rose

time. this me hear can you hoping I'm

Matt Trerotola

got I Kyle. you loud clear, and Yes.

Kyle Rose

just medium-term Sorry on look just now we and perspective. you're off about Congrats not outlook we about the that, I'm lapping working looking time well-deserved think directionally, echo When puts M&A for think guidance, together. Mathys the gentlemen. the but and forward And margin an takes, of a and to Ben, we from yes, sentiment. we Chris, when

to respect with X% out called you think I headwinds EBITDA there.

should we Just a off pace forward? expect wondering, rolling from headwind perspective how moving of that the

Chris Hix

say typically lower fast-paced they're Kyle, is come if with cost up high as the Chris. that of what I margins, got out that there them. we quite acquisitions, of they've They with searching going been What profile in, Yes. but we've a Oftentimes, structure we it's in earlier lot to differentiated expands that these in stage, caught bring that the at that them of sort have have would solutions they've got. margins. do the growth in growth haven't they come they

as X, plan they see all to kind margins -- get at head a as get it which quite we but on look being of ones of steam into the so and about, X, really That's pick game them here. contributory X acquisitions up along been you And or we're they accretive depends years talking margins. company and on X, to

at most Insight, that looking acquisitions the these we're future margin for ARVIS it, expansion. rapid which the corn and along recent the seed as brings we've So also example, from done, year, the current for the with growth but headwinds which we've are got system includes

heading to as to So we've driving think, going good we grasp these continue a I on operating as forward, possible. have cost about productivity. leverage support We're got as margins. structure think the gross have, efficiently rightsizing margins good always be that to going We're to to with going the of kinds we're growth

You could that. expect

as today inflation that. that's headwind the accretive see about would of in to along with we the our part very good try we're continue growth of roll But the that The acquisitions. into and to to more going year on up a are control all we that the ground much suggest we've we this front been to that get that transparent So of us, on mitigate to in FX is out less be side is that's going everything go, pricing making side. And XXXX.

less for of net cumulative So last for that a that's we still expect a but on little of us drag but a become still while, big couple of that cumulative carry as less inflation drag forward. years, for to an load we increasing drag, head of the we us been

of a early early So front. year. definitively answer little that But on are certainly towards are folks margin talk in to the XXXX, that's thinking more those the broader next it's about as it. factors, about are really working play talking But us we're sort as a going to about for XXXX

Kyle Rose

Knee pockets US remarks share US wonder seen it that Is some and about you've just by Alright. top prepared as some what's I of demand specialty, both seeing really Shoulder versus or if to think Matt, performance that you're line you in just both the That's I your taking? ASC funnel Just well of then, that hospital? a Hip business. fair. characterize of And the for upside strong you could trying as it driving there Is seeing? recently? strength sustained Are the understand specific regionally? spoke

Matt Trerotola

was Yes, Europe the Europe about Kyle. comment I'll My make or actually and outside US, And in comments. the Australia. X funnel

gain to tomies. building, two those really of excitement had as able cross-selling. attributes events for see trials the the terms sets lot the there, last converting. in suckers driving we we countries it drive countries, a to them where US that to number of EMPOWER the Kyle, beyond we great want across in do of engage in But continue and of and of AltiVate share months get yes, of In EMPOWER here the great funnel great at a nice show and potentially we their few there's were a products, AltiVate. on some the outside And And all we're the and surgeons and hands number US, look in

we Knee. you'll see, there had we As -- showed think the -- -- about I we've all growth talked with our win across EMPOWER tomies. And we continue growth to double-digit

of continue certainly, higher Knee and it each had Hip year that of we've a ARVIS year in is business -- the area, portion then some particular, the a innovation win We and And in and overall. energy of creating environment is And and than excitement. our of coming lot the our market anatomy, part this to to good in year. the for have be ASC higher part last Knee

Operator

call closing questions. the conclude to Matt remarks. turn to would I like over for now today's That does

Matt Trerotola

end Thanks I you. service you joining. years And know for your of I close, before just partnership that Chris, at to for the Thanks, you of year. thank to company many on call terrific want and wishing the we with to the join towards do Thank -- Chris. everyone head as me. we the our your your I I Chris. all and retirement best say

Chris Hix

Thank Thank everyone. you, you, Matt.

Operator

This ladies you call. today's gentlemen. Thank your you, and conclude participation. does Thank for

may disconnect. You now

Enovis (ENOV) 2 Nov 222022 Q3 Earnings call transcript