Globus Medical reports 10.8% Q2 growth: 5 things to know

Spinal Tech

Globus Medical reported its second quarter results with sales reaching $152.4 million, an increase of 10.8 percent.

Here are five things to know:


1. Globus Medical's second quarter net income was $28.7 million or 18.8 percent of its sales.


2. Second quarter sales in the U.S. increased by 1.2 percent compared the second quarter of 2016.


3. International sales increased by 104.5 percent over the second quarter.


4. Diluted earnings per share for the second quarter were $0.29, as compared to $0.27 for the second quarter of 2016.


5. Globus Medical generated $26 million in net cash provided by operating activities, leaving the company debt free.


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