Smith & Nephew reported 2 percent revenue increase in the second quarter of 2016.
Here are five things to know about the financial report:
1. Revenue hit $1.19 billion, a 2 percent increase over the same period last year. For the six month’s end, the revenue was up 3 percent to $2.3 billion.
2. The United States revenue was up 4 percent, and the company reported a 3 percent revenue growth among established markets in the second quarter.
3. There was strong growth in the sports medicine, joint repair and knee implant markets in the second quarter. The company also reported robotics installation of the Blue Belt Navio knee replacement system and integration is on track and the first total knee replacement was complete.
4. In the second quarter, Smith & Nephew divested its $350 million gynecology and associated $300 million share buy-back announced.
5. Going forward, the company is focused on efficient operations.