Here are three things to know:
1. DJO’s operating income was $19.9 million compared to $21.8 million in the same period the prior year.
2. The company’s net sales grew 2.8 percent to $299 million from $290.9 million in the third quarter of 2017.
3. Adjusted earnings before interest, taxes, depreciation and amortization increased 8.1 percent to $72.2 million.
Mike Eklund, CFO and CEO of DJO, said, “We have made such great progress in our transformation journey. Productivity was strong again in the quarter, as it has been the last several quarters, with Adjusted EBITDA for the quarter increasing 8.1 percent, or 2.9 times the growth in revenue, and margins improving about 120 basis points.”
More articles on devices:
Simplify Medical completes enrollment in 2-level cervical disc replacement study: 5 highlights
Medtronic, Stryker, Titan Spine & more: 19 device company notes
McGinley Orthopaedic Innovations’ CEO to present at executive speaker series
