• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Edwards Lifesciences accelerates buyback with $350m share repurchase

Edwards Lifesciences accelerates buyback with $350m share repurchase

February 5, 2016 By Brad Perriello

Edwards LifesciencesEdwards Lifesciences (NYSE:EW) said yesterday that it’s accelerating a share repurchasing program with a $350 million buy from Morgan Stanley.

The stock buyback is part of a $750 million repurchasing plan Edwards put in place before executing a 2-for-1 stock split late last year.

The Irvine, Calif.-based replacement heart valve maker said the plan calls for an initial delivery of 3.2 million shares, with the final number to be determined by the volume weighted average share price for up to 10 months, Edwards said.

Earlier this week, Edwards reported 4th-quarter profits of $140.7 million, or 65¢ per share, on sales of $671.1 million, for a bottom-line gain of 28.8% on sales growth of 8.6% compared Q4 2014. Adjusted earnings per share topped analysts’ consensus forecast by a penny, at 63¢. For the full fiscal year, profits were $494.9 million, or $2.30 per share, on sales of $2.49 billion, for a bottom-line slide of -39% on a 7.4% sales gain compared with 2014. Adjusted EPS were $2.29, 2¢ above Wall Street’s consensus.

Edwards said it’s funding the Morgan Stanley buyback with available cash. The company reported $718.4 in cash & equivalents as of Dec. 31, 2015.

EW shares have gained 4.7% since the Dec. 14 split. The stock closed at $83.58 yesterday, up 0.3%.

Filed Under: Replacement Heart Valves, Wall Street Beat Tagged With: Edwards Lifesciences

More recent news

  • Vicarious Surgical inks surgical robot collab with hospital, eyes first clinical patients
  • Bioliberty launches hub for soft-robotic wearable devices
  • Zynex submits laser pulse oximeter to FDA
  • Roche invests $550M to make Indianapolis a CGM manufacturing hub
  • Product liability lawsuits target Medtronic, Boston Scientific spinal cord stim tech

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy