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Stock impact report

Orthofix Reports First Quarter 2024 Results

Orthofix Medical Inc. (OFIX) 
Last orthofix medical inc. earnings: 2/24 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.orthofix.com
Company Research Source: Business Wire
Recent HighlightsNet sales of $188.6 million, an increase of 7.7% on a reported basis and 7.5% on a constant currency basis over prior yearBone Growth Therapies net sales growth of 10%, marking five consecutive quarters with double-digit net sales increasesU.S. Spine Fixation1 net sales growth of 16%, driven by distribution expansion and further penetration in existing accountsGlobal Orthopedics net sales growth of 5% on a reported basis, primarily driven by U.S. Orthopedic net sales growth of 23%First quarter 2024 net loss of $36 million; Non-GAAP Adjusted EBITDA of $8 million, an increase of $4.5 million, a 220 basis point expansion over prior yearMidpoint of full year 2024 net sales guidance raised; range narrowed to $790.0-$795.0 million LEWISVILLE, Texas--(BUSINESS WIRE)--Orthofix Medical Inc. (NASDAQ:OFIX) today reported its financial results for the first quarter ended March 31, 2024.First quarter net sales were $188.6 million, an increase of 7.7% on a reported basis and 7.5 Show less Read more
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