News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Biomet Inc. (BMET) Announces First Quarter of Fiscal Year 2013 Financial Results



10/10/2012 9:15:28 AM

WARSAW, Ind.--(BUSINESS WIRE)--Biomet, Inc. announced today financial results for its first fiscal quarter ended August 31, 2012.

Initial close of the Trauma Acquisition was announced June 15, 2012; substantially completed

Net sales increased 6% (10% constant currency) worldwide to approximately $707 million

Net sales, excluding the Trauma Acquisition, increased 1% (4% constant currency) worldwide

Large Joint Reconstructive sales decreased 1% (grew 2% constant currency) worldwide, with 1% growth in the U.S.

S.E.T. sales increased 56% (59% constant currency) worldwide and increased 52% in the U.S.

Excluding the Trauma Acquisition, S.E.T. sales increased 8% (10% constant currency) and increased 11% in the U.S.

Initiated refinancing activities to reduce cost of overall debt capital structure


Read at BioSpace.com


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES