Biomet Profits $31M in Q1 Despite Spine Losses

Biomet reported its net income at $31.1 million for the first quarter of 2014, despite spine sales coming in 6.6 percent lower than the same period last year.

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The company’s first quarter ended Aug. 31. During the first quarter last year, Biomet lost $31.5 million.

Sports, extremities and trauma devices brought much of this year’s profit; the segment earned $149.5 million this year, up 17.4 percent from 2012. Knees were also profitable, bringing in $225.1 million or 3.5 percent more than last year.

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