Four things to know:
1. First-quarter net sales revenue of $230.5 million was a 1.4 percent increase year over year. U.S. net sales grew 1.6 percent year-over-year.
2. Net income was $38.1 million. That was a decrease of 16 percent compared to the same time in 2021.
3. “U.S. spine sales recovered and had a record-breaking month in March, which continued at a healthy pace in April,” President and CEO Dan Scavilla said in a news release. “After a record fourth quarter, enabling technologies sales in the quarter were also negatively impacted by COVID-19; however, the clinical superiority of ExcelsiusGPS continues to drive surgeon and hospital interest in the system, building a strong pipeline.”
4. The company reaffirmed its full-year guidance of $1 billion in net sales.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.