Wright Medical reports $217.6M in Q4 sales: 6 takeaways

Written by Mackenzie Garrity | February 28, 2018 | Print  |

Wright Medical released its fourth quarter and full-year 2017 financial report.

Here are six takeaways:


1. The company's net sales for the quarter topped $217.6 million, a 12.7 percent increase year-over-year.


2. Wright Medical reported a fourth quarter net income of $26.9 million, or $0.25 per diluted share.


3. Cash and cash equivalents at the end of the quarter totaled $167.7 million. None of the cash was considered restricted at the end of the quarter.


4. Wright Medical's upper extremities segment in the U.S. saw the most growth, 19 percent, from $201.58 million in 2016 to $239.97 million in 2017.


5. Internationally, Wright Medical's biologics segment saw the most year growth, 18 percent, from $18.88 million in 2016 to $22.28 million in 2017.


6. In 2018, Wright Medical predicts full-year net sales to reach between $800 million and $812 million.


More articles on devices and implants:
Ortho Sales Partners forming orthopedics and spine divisions, announces two executive additions: 4 things to know
Implanet, L&K Biomed finalize partnership: 4 key points
Stryker prices $600M senior notes offering: 4 highlights

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months