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Globus Medical Reports Full Year and Fourth Quarter 2017 Results
Feb. 22, 2018 09:23AM PST
Medical Device Investing
Globus Medical (NYSE:GMED), a leading musculoskeletal solutions company, today announced its financial results for the fourth quarter and year ended December 31, 2017. As quoted in the press release: Worldwide sales increased 16.1% as reported to $176.0 million Fourth quarter net income was $24.4 million, or 13.8% of sales, including a one-time tax reform expense of …
Globus Medical (NYSE:GMED), a leading musculoskeletal solutions company, today announced its financial results for the fourth quarter and year ended December 31, 2017.
As quoted in the press release:
- Worldwide sales increased 16.1% as reported to $176.0 million
- Fourth quarter net income was $24.4 million, or 13.8% of sales, including a one-time tax reform expense of $11.0 million
- Diluted earnings per share (EPS) were $0.25
- Non-GAAP diluted EPS were $0.38
- Non-GAAP adjusted EBITDA was 34.9% of sales
