Globus Medical Reports Preliminary Record Fourth Quarter and Full Year Sales 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., Jan. 08, 2019 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal solutions company, today announced preliminary unaudited sales results for the fourth quarter and full year ending December 31, 2018. The company anticipates fourth quarter 2018 sales of approximately $195.5 million, an increase of 11.0% over the fourth quarter 2017. Full year 2018 sales are expected to be approximately $712.5 million, an increase of 12.0% over the prior year. “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 considering the strong comparable quarter last year. Emerging Technologies delivered $14.8 million, or 35% growth, a significant accomplishment given the pent up demand implicit in the fourth quarter of 2017 when we launched our robotic system.
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