UTICA, N.Y.--(BUSINESS WIRE)--CONMED Corporation (Nasdaq:CNMD) today announced financial results for the first quarter ended March 31, 2017.
First Quarter 2017 Highlights
• Sales of $186.6 million increased 3.0% as reported compared to the first quarter of 2016. On a constant currency basis, sales increased 3.7%.
• International revenue grew 2.4% as reported and 3.9% in constant currency, driven by continued growth in General • Surgery and Orthopedics.
• Domestic General Surgery sales grew 9.5%, contributing to 3.5% overall domestic revenue growth.
• Diluted net loss per share (GAAP) was $0.16, compared to diluted net loss per share (GAAP) of $0.08 in the first quarter of 2016.
• Adjusted diluted net earnings per share(1) were $0.38 versus $0.42 in the prior-year period.
“We are encouraged by our first quarter results, which exhibited continued strength across our key international markets, as well as solid performance within our U.S. General Surgery business. While our domestic Orthopedics business remains a challenge, the first quarter represents improved sequential performance, and we remain focused on returning this business to positive growth,” commented Curt R. Hartman, CONMED’s President and Chief Executive Officer.
