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Mar 31, 2020
Conmed Q1 2020 Earnings Report
CONMED's first quarter results were significantly impacted by the global COVID-19 pandemic, particularly during the second half of the quarter.
Key Takeaways
CONMED Corporation announced its first quarter 2020 financial results, which were meaningfully impacted by the global COVID-19 pandemic. The company has withdrawn its previously provided 2020 guidance due to the uncertainty created by this evolving dynamic.
First quarter results were meaningfully impacted by the global COVID-19 pandemic.
Decisive actions were taken to protect employees and solidify the financial security of the company.
Management has withdrawn its previously provided 2020 guidance.
An amendment to the existing credit agreement was announced to provide financial assurance and flexibility.
Conmed
Conmed
Forward Guidance
Due to the uncertainty created by the evolving COVID-19 dynamic, management has withdrawn its previously provided 2020 guidance and is unable to provide reliable guidance at this time.