Orthofix International reported its fourth quarter and full-year financial results for 2017.
Here are takeaways from the company's fourth quarter.
1. Orthofix's net sales hit $116.9 million, reflecting a 7.7 percent increase compared to 2016.
2. The net income from continuing operations reached $1.5 million, compared to a net loss of $5.1 million in 2016.
3. The company's adjusted EBITDA was $24.3 million, a 15.1 percent boost from 2016.
4. The spine fixation line saw net sales of $16.9 million, a 10.7 percent jump from the same period the year prior.
The full-year 2017 results are as follows.
5. Net sales reached $433.8 million, a 5.9 percent increased compared to 2016.
6. Net income from continuing operations reached $7.3 million, reflecting a $3.8 million jump compared to the year prior.
7. The adjusted EBITDA was $81.6 million, a 2.9 percent increase compared to 2016.
8. The spine fixation segment reached net sales of nearly $82 million, an 8.3 percent jump from 2016.