January 5, 2018
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WHY: Company’s only chief executive since it was spun out of Baxter in 2000. Has seen market cap more than double in past two years to almost $40 billion, the highest valued company in Orange County.
Heads largest OC publicly traded co. … heart valve maker … $30B market cap, up 25% YTD, Oct. 2018 … $3.4B 2017 revenue, up 13% … floated by Barron’s, possible takeover by 10-times-bigger J&J … only Edwards CEO ever … personal foundation backs Down Syndrome work … Key to leader’s success: ‘finding meaning in work’
HEALTHCARE: 17% of sales on R&D spend
Edwards Lifesciences Corp., Orange County’s largest public company with a nearly $30 billion market value, is also one of its fastest-growing public companies, both in sales and stock growth.
Edwards Lifesciences Corp. (NYSE: EW) earned $226 million on sales of $907 million in its most recent quarter. Sales rose 10% year-over-year but missed expectations and its shares dipped 2% to a $30 billion market cap.
HEALTHCARE: OC’s top pub co. potential J&J target
The value of Orange County’s largest publicly-traded company, Edwards Lifesciences Corp. (NYSE: EW), reached an all-time high last week, its shares jumping nearly 15% to give the medical device maker a market capitalization of about $36 billion.
REAL ESTATE: 3 buildings, more parking planned for Royalty site
Edwards Lifesciences Corp. has proposed a major expansion of its Irvine headquarters, paving the way for Orange County’s largest public company to add hundreds of jobs to its local operations.
HEALTHCARE: Says new valves should drive up Q4 sales
Recent stock reactions to Orange County’s largest publicly traded company speak to Edwards Lifesciences Corp.’s (NYSE: EW) second-quarter earnings.
We look at the collective performance of OC’s largest public cos. in the trailing twelve months, which was led by the largest—after another year of healthy returns at Edwards Lifesciences Corp.
Heads largest OC publicly traded co. … $24B market cap … 12.2K workers: added 500, 2017, adding 500, 2018 … heart valves … $3B revenue; $570M net income … multiyear HQ upgrade … bought nearby buildings … three success words: ‘putting patients first’ … personal foundation backs Down Syndrome work, including Glennwood House, Laguna Beach … favorite quote: ‘knowledge speaks, wisdom listens’
Edwards Lifesciences Corp. finished the year strong, reporting $889 million in fourth-quarter sales, up 16% from a year earlier.
The majority of Orange County’s publicly traded companies enjoyed a positive 2017.