LivaNova PLC (LIVN) SEC Filings & Earnings Calls

Litigation liability from 3T Heater-Cooler device

“Other operating expense as a percentage of net revenue was 3.2% and 1.6% for the three and six months ended June 30, 2026, respectively, representing increases of 3.2 and 1.5 percentage points compared to the three and six months ended June 30, 2025, respectively, primarily due to increases of $11.4 million and $10.7 million in the amount recorded for the li”

SNIA environmental liability

“As a result of the decision by the Italian Supreme Court, the Company recorded €333.3 million ($362.1 million) as SNIA environmental liability expense for the six months ended June 30, 2025.” · word for word

Foreign exchange volatility

“Foreign exchange and other income/(expense) was expense of $23.8 million and $29.5 million for the three and six months ended June 30, 2026, respectively, compared to expense of $4.3 million and income of $7.2 million for the three and six months ended June 30, 2025, respectively.” · word for word

Valuation allowance on deferred tax assets

“Depending on operating results in the future, a release of a valuation allowance could occur within the next 12 months.” · word for word

Supply chain dependency on single oxygenator component supplier

“Entered into a long-term agreement with Thermo Fisher Scientific to strengthen oxygenator component supply” · word for word

Lowered adjusted free cash flow guidance for FY2026

“Lowered full-year 2026 adjusted free cash flow range to $140 million to $160 million” · word for word

Foreign currency exposure may impact reported results.

“Constant-currency adjustments indicate FX impact; guidance provided on constant-currency basis.”

SNIA environmental liability

“The Italian Supreme Court determined that LivaNova can be held jointly and severally liable for the established liabilities of SNIA... the Company recorded €333.3 million ($360.4 million) as SNIA environmental liability expense for the three months ended March 31, 2025.” · word for word

Gross margin pressure from product mix

“Cost of sales as a percentage of net revenue was 32.7% for the three months ended March 31, 2026, representing an increase of 1.0 percentage points compared to the three months ended March 31, 2025, primarily due to unfavorable product mix.” · word for word

Contingent consideration volatility

“$9.7 million of higher expense from the net unfavorable change in fair value of contingent consideration arrangements associated with the ImThera acquisition” · word for word

Supply Chain Constraints

“Partially achieved primarily due to external supply constraints and the impact of market-related factors, despite solid pricing performance.” · word for word

Cybersecurity Risk

“Notwithstanding the Company’s approach to cybersecurity, LivaNova may not be successful in preventing or mitigating future cybersecurity incidents that could have a material adverse effect on the Company.” · word for word

Regulatory and Reimbursement Risk

“In June 2025, the Company initiated the process with the U.S. Centers for Medicare & Medicaid Services (“CMS”) to seek reconsideration of national Medicare coverage for VNS Therapy™ in unipolar treatment-resistant depression” · word for word

SNIA environmental liability expense of $365.6M impacted GAAP results; non-recurring but significant.

“Full-year 2025 U.S. GAAP diluted loss per share of $4.45, impacted by recording the SNIA environmental liability expense of $365.6 million” · word for word

Tariff and Trade Policy Risk

“A significant number of LivaNova's Cardiopulmonary products and component parts are sourced and produced outside of the U.S., including in Italy and Germany.” · word for word

Supply Chain Disruption Risk

“supplier shortages and interruptions of certain components, such as the fiber used in the manufacture of oxygenators and rare earth magnets used in the manufacture of heart-lung machines, have caused, and may in the future cause, meaningful disruptions to LivaNova's product manufacturing supply chain.” · word for word

Cybersecurity Incident Risk

“The Company has experienced and is continually at risk of being subject to cybersecurity incidents and other disruptions, as exemplified by the previously disclosed November 2023 cybersecurity incident that resulted in the disruption of portions of the Company's IT systems.” · word for word

Product Liability Litigation Risk

“the Company is involved in product liability litigation relating to its cardiopulmonary 3T Heater-Cooler product that has adversely affected LivaNova's financial condition and has required the Company to devote significant resources to its defense and/or settlement of these claims.” · word for word

Key legal officer departure creates temporary leadership gap and potential operational disruption.

“Resignation effective within two weeks; external search initiated.”

Foreign currency fluctuations could impact results.

“Foreign currency is expected to be a tailwind of approximately 1.0% based on current exchange rates.” · word for word

SNIA environmental liability

“The Italian Supreme Court determined that LivaNova can be held jointly and severally liable for the established liabilities of SNIA ... the Company recorded the SNIA environmental liability expense in the quarter ended March 31, 2025” · word for word

Cybersecurity incident costs

“Through September 30, 2025, LivaNova incurred direct costs totaling $13.1 million in connection with this cybersecurity incident” · word for word