Loading...
•
Jun 30, 2023
Globus Medical Q2 2023 Earnings Report
Globus Medical achieved record quarterly revenue, with a 10.6% increase year-over-year, and non-GAAP EPS increased by 12.3%.
Key Takeaways
Globus Medical reported a record quarter with a revenue of $291.6 million, representing a 10.6% increase compared to the second quarter of 2022. The company's GAAP net income increased by 5.7% year-over-year to $57.7 million, with diluted EPS at $0.57 and non-GAAP diluted EPS at $0.63. The company increased its full year 2023 net sales guidance to $1.125 billion and reaffirmed non-GAAP diluted earnings per share of $2.30.
Worldwide net sales increased by 10.6% to $291.6 million.
GAAP net income for the quarter was $57.7 million.
GAAP diluted EPS was $0.57, while non-GAAP diluted EPS was $0.63.
Non-GAAP adjusted EBITDA was $96.1 million, representing 33.0% of net sales.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company today increased its full year 2023 net sales guidance to $1.125 billion, up from $1.100 billion, and reaffirmed non-GAAP diluted earnings per share of $2.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...