Orthofix 2017 net sales hit $433.8M; spine reaches $82M — 8 takeaways

Spinal Tech

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.

 

 

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