WARSAW, Ind.--(BUSINESS WIRE)--Biomet, Inc. (“the Company”) announced today financial results for its third quarter ended February 28, 2015.
Third Quarter Financial Results
Consolidated net sales decreased 2.6% to $800.9 million worldwide during the third quarter of fiscal year 2015, compared to net sales of $822.5 million during the third quarter of fiscal year 2014. Excluding the effect of foreign currency, consolidated net sales increased 1.4% during the third quarter. U.S. net sales increased 1.1% during the third quarter to $514.8 million, while Europe net sales decreased 12.3% (decreased 0.7% constant currency) to $175.1 million and International (primarily Canada, Latin America and the Asia Pacific region) net sales decreased 2.5% (increased 6.3% constant currency) to $111.0 million. On a consolidated basis, the Company had approximately the same number of selling days in the quarter compared to the prior year quarter.
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