Globus Medical Reports Full Year and Fourth Quarter 2018 Results
Globus Medical, Inc. Class A (GMED)
Last globus medical, inc. class a earnings: 2/20 04:15 pm
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Source: GlobeNewswire
AUDUBON, Pa., Feb. 21, 2019 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal solutions company, today announced its financial results for the fourth quarter and year ended December 31, 2018. Fourth Quarter: Worldwide sales increased 11.3% as reported to $195.9 millionFourth quarter net income was $36.8 million, or 18.8% of sales.Diluted earnings per share (EPS) were $0.36Non-GAAP diluted EPS were $0.43Non-GAAP adjusted EBITDA was 34.1% of sales Full Year 2018: Worldwide sales increased 12.1% as reported to $713.0 millionNet income for the year was $156.5 million, or 21.9% of salesDiluted EPS were $1.54Non-GAAP diluted EPS were $1.67Non-GAAP adjusted EBITDA was 34.5% of sales “Our fourth quarter and full year results are indicative of strong momentum in several key strategic areas,” said Dave Demski, CEO. “The fourth quarter marked the fifth consecutive quarter of double digit organic revenue growth, which is particularly outstanding cons
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