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Globus Medical (GMED) Reports Third Quarter 2016 Results



11/9/2016 7:32:42 AM

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AUDUBON, Pa., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced its financial results for the third quarter ended September 30, 2016.

  • Worldwide sales decreased 1.0% as reported to $135.7 million, or a decrease of 0.7% on a constant currency basis
  • Third quarter net income was $26.2 million, or 19.3% of sales
  • Diluted earnings per share (EPS) were $0.27
  • Non-GAAP diluted EPS were $0.29
  • Non-GAAP adjusted EBITDA (AEBITDA) remained at 37.0% of sales
  • Company issues new 2016 guidance for sales of $560 million

Read at GlobeNewswire


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