DJO Global announces second-quarter financial results for 2016

DJO Global reported its second-quarter financial results, which included a 4.6% increase in total net sales to $292.9 million compared with a net sale of $279.9 million for the second quarter of 2015.

“Our second-quarter performance was driven by the continue accelerating performance in orthopedic implants, international and consumer,” Mike Mogul, DJO’s president and chief executive officer, said in a company press release. “We expect these businesses to continue to drive performance in the second half of 2016.”

According to the release, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the second quarter was $63.6 million, or 21.7% of the net sales, vs. $61.3 million, or 21.9% of net sales, for the second quarter of 2015. As of July 1, 2016, DJO Global noted $41.7 million in cash balances and $67.5 million in available liquidity from its $150 million revolving credit facility. The company anticipates its constant currency revenue growth rates to be around 6% and the rates of adjusted EBITDA to be 8% to 10% for the full year of 2016.

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