Gary D. Henley, Wright Medical Group’s president and CEO, attributed the company’s success to strong revenue growth in the international hip and knee business.
The net income for the second quarter of 2010 totaled $4.8 million capered with $2.4 million for the second quarter of 2009. During the second quarter of 2010, the adjusted net income increased 17 percent to from the previous year’s second quarter to $8.3 million.
The company reported $606,000 of expenses related to an ongoing U.S. governmental inquiry and $461,000 of restructuring charges.
Read the release on the second quarter earnings for Wright Medical Group (pdf).
Read other coverage on Wright Medical Group:
– Wright Medical Group Launches EVOLUTION Medial-Pivot Knee System
– Wright Medical Group Names New CFO
– Wright Medical Group Launches VALOR Hindfoot Fusion Nail System
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