Globus Medical’s Q2 sales increase 115.9%: 5 notes

Globus Medical saw net sales of $629.7 million in the second quarter, according to financial results posted Aug. 7.

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Five notes:

1. Net sales grew 115.9% year-over-year, according to a news release. 

2. The company also saw net income of $31.8 million. However that figure is a 45% decrease compared to net income in the second quarter of 2023. 

3. Globus Medical projects full-year revenue to reach $2.47 to $2.49 billion.

4. Sales increases were driven by the integration of NuVasive and increased volume of spine and enabling technology sales.

5. Musculoskeletal sales were $592.9 million, and enabling technology sales were $36.8 million.

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