Globus Medical to report $635.4M in 2017 revenue: 5 insights

Written by Mackenzie Garrity | January 09, 2018 | Print  |

Globus Medical released its preliminary 2017 fourth quarter and full year sales results.

Here are five insights:

 

1. The medical device company expects fourth quarter, ending Dec. 31, 2017, sales to reach $175.5 million, a 15.8 percent increase compared to the 2016 fourth quarter.

 

2. With 12.7 percent in full year sales, Globus Medical anticipates to report $635.4 million in 2017 sales.

 

3. Globus Medical developed a full year 2018 guidance of $690 million in sales and $1.50 fully diluted non-GAAP earnings per share.

 

4. The company’s international business sector grew 16.3 percent year-over-year with Japan leading the development.

 

5. Globus Medical CEO Dave Demski noted the growth as “100 percent organic” and that the U.S. spine sales continue to show mid-single-digit growth.

 

More articles on devices and implants:
Providence Medical Technology names new executive; reports 2 new studies: 5 insights
Alphatec reports $25M+ in 2017 revenue — 5 points
SeaSpine to see 2017 revenue of $34M+ — 7 observations

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