Globus Medical Reports Third 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., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal solutions company, today announced its financial results for the third quarter ended September 30, 2018. Worldwide sales were $169.2 million, an increase of 11.5% as reportedThird quarter net income was $35.2 million, an increase of 37.6%Diluted earnings per share (EPS) was $0.35 and non-GAAP diluted EPS was $0.39Non-GAAP diluted EPS increased 29.2% compared to third quarter of 2017Non-GAAP adjusted EBITDA was 34.1% of sales “The third quarter marks the fourth consecutive quarter of double-digit organic growth for Globus Medical, as our U.S. Spine business continues to take market share, growing by 7.5%; our international revenue increased by 16.8%; and Emerging Technologies contributed $6.3 million," said Dave Demski, CEO. "During the third quarter, we completed the acquisition of Surgimap®, the leading surgical planning software for spine. The addition of Surgimap® will
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