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Jun 30, 2020
Orthofix Q2 2020 Earnings Report
Reported a decrease in net sales and a loss per share due to the impact of COVID-19, but saw sequential revenue rebound in May and June and record motion preservation sales in the U.S.
Key Takeaways
Orthofix Medical Inc. reported a 37% decrease in net sales to $73.1 million for the second quarter of 2020, with a net loss of ($0.96) per share. However, the company saw sequential revenue rebound in May and June and record motion preservation sales in the U.S.
Net sales decreased by 37% compared to the prior year, totaling $73.1 million.
Earnings per share (EPS) was ($0.96), and adjusted EPS was ($0.59).
Motion Preservation sales in the U.S. reached a record $3.6 million, a 24% sequential increase.
The company is optimistic about continued recovery and is investing in strategic initiatives.
Revenue by Segment
Forward Guidance
Due to the uncertainty of the COVID-19 pandemic, Orthofix is not providing quantitative guidance for the third quarter of 2020 or for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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