10 key notes on DJO Global's Q1 net sales — Net sales down 0.9%

Spinal Tech

DJO Global's net sales down for the first quarter of 2015.

Here are 10 things to know:

 

1. The net sales for the first quarter were $280.1 million, a 0.9 percent negative growth compared to the same period last year.

 

2. The net sales were negatively impacted by $12 million related to the foreign currency exchange rates compared to the same period last year.

 

3. The adjusted EBITDA for the first quarter was $59 million, 21.1 percent of net sales. It was a negative 1.1 percent growth when compared to last year.

 

4. The company's international segment net sales was $72.2 million and excluding the negative impact of the foreign currency exchange rates, the net sales were up 6.4 percent on a sales-per-day basis.

 

5. The surgical implant segment had $26.9 million for net sales, up 14.4 percent on the sales per day basis.

 

6. The surgical implant market success was driven by strong sales from the shoulder, knee and hip products.

 

7. The company had cash balances of $35.7 million.

 

8. The available liquidity of $85.5 million under its $100 million revolving credit as of March 28, 2015.

 

9. The net loss was reported at $35.2 million.

 

10. Net loss attributable to DJO Finance is $35.5 million.

 

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