Wright Medical Group (WMGI) Misses Q1 EPS by 27c, Revenues Beat; Affirms FY19 EPS/Revenue Guidance

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Go back to Wright Medical Group (WMGI) Misses Q1 EPS by 27c, Revenues Beat; Affirms FY19 EPS/Revenue Guidance

Wright Medical Group N.V. Reports 2019 First Quarter Financial Results

May 7, 2019 4:06 PM EDT

First Quarter 2019 Net Sales, Including Cartiva®, of $230 Million, Representing As-Reported Growth of 16%, Constant Currency Growth of 18% and Organic Constant Currency Growth of 13%

First Quarter 2019 Record Gross Margins of 80%

First Quarter 2019 Net Loss From Continuing Operations of $30 Million; Non-GAAP Adjusted EBITDA From Continuing Operations of $37 Million, Representing Non-GAAP Adjusted EBITDA Margin of 16%, an Approximate 300 Basis Point Expansion Over Prior Year Quarter

Company Reiterates 2019 Annual Guidance

AMSTERDAM, The Netherlands, May 07, 2019 (GLOBE NEWSWIRE)... More