Globus Medical sees $51.8M net income in Q3

Spinal Tech

Globus Medical saw increased sales in the third quarter of 2024, according to financial results posted Nov. 5. 

Five things to know:

1. Net sales globally were $625.7 million, a 63.1% increase year over year, according to a news release.

2. U.S. net sales grew 60.3% year over year. Sales growth was driven by the NuVasive merger and increased spine and enabling technology sales.

3. Musculoskeletal net sales were $587.4 million, and enabling technology sales were $38.3 million.

4. Net income was $51.8 million, largely driven by sales and a decrease in acquisition-related costs.

5. Globus Medical raised its full-year guidance and expects revenue to reach $2.49 billion to $2.5 billion.

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