Orthofix International (OFIX) Tops Q1 EPS by 3c, Revenues Miss

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Go back to Orthofix International (OFIX) Tops Q1 EPS by 3c, Revenues Miss

Orthofix Reports First Quarter 2020 Results

May 8, 2020 6:00 AM EDT

Net sales of $104.8 million, a decrease of 3.9% compared to prior year and 3.4% on a constant currency basis Cost management initiatives put in place to reduce cash burn Borrowed $100.0 million against the secured revolving credit facility to navigate uncertain macro-environment Closed the acquisition of the FITBONE intramedullary lengthening system assets

LEWISVILLE, Texas--(BUSINESS WIRE)-- Orthofix Medical Inc. (NASDAQ: OFIX) today reported its financial results for the first quarter ended March 31, 2020. Net sales were $104.8 million,... More