Globus Medical (GMED) Tops Q1 EPS by 1c

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Globus Medical Reports First Quarter 2017 Results

May 3, 2017 4:15 PM EDT

AUDUBON, Pa., May 03, 2017 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal implant manufacturer, today announced its financial results for the first quarter ended March 31, 2017.

Worldwide sales were $155.8 million, an increase of 11.9% as reported, or 12.1% in constant currencyFirst quarter net income was $28.7 million, or 18.4% of salesDiluted earnings per share (EPS) were $0.30Non-GAAP diluted EPS were $0.32Non-GAAP adjusted EBITDA was 37.1% of sales

David Paul, Chairman and CEO said, Our worldwide sales for the first quarter were $155.8 million, an increase of 11.9%... More