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

Mackenzie Garrity -   Print  | Email

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.


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