Orthofix International (OFIX) Misses Q4 EPS by 2c, Slight Miss on Revenues; FY19 EPS/Revenue Guidance Below Consensus, Announces CEO Transition

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Go back to Orthofix International (OFIX) Misses Q4 EPS by 2c, Slight Miss on Revenues; FY19 EPS/Revenue Guidance Below Consensus, Announces CEO Transition

Orthofix Reports Fourth Quarter and Fiscal 2018 Financial Results, CEO Announces Plans to Retire

February 25, 2019 4:01 PM EST

Fourth Quarter Highlights

Net sales of $121.1 million, an increase of 3.6% compared to prior year and 4.4% on a constant currency basis Net income of $8.9 million; compared to net income from continuing operations of $1.5 million in the prior year Adjusted EBITDA of $24.4 million; an increase of $0.1 million, or 0.6%, over prior year

Fiscal Year 2018 Highlights

Net sales of $453.0 million, an increase of 4.4% compared to prior year and 3.9% on a constant currency basis Net income of $13.8 million; compared to net income from continuing operations of $7.3... More