DJO Global announces third quarter financial results

DJO Global Inc. announced third-quarter financial results for its subsidiary, DJO Finance LLC.

According to a company press release, net sales increased 3.2% to $287 million vs. third-quarter results of 2015 with a net sales of $278.3 million. DJO Finance LLC reportedly had a net loss of $22.6 million in the third quarter of 2016 compared with a loss of $177.8 million in the third-quarter of 2015.

The net sales for the surgical implant segment were reportedly $40.9 million, which was an increase of 8.5% over net sales from the third quarter of 2015. According to the release, the growth was due to an increase of 27.6% in DJO’s shoulder, hip and knee products.

The adjusted earnings before interest, taxes, depreciation and amortization (EBIDTA) was $63.3 million or 22.1% of net sales for the third quarter in 2016. This was reportedly a 0.2% decrease compared with the third quarter of 2015, with an adjusted EBITDA of $63.4 million or 22.8% of net sales. According to the release, DJO Global had $46.4 million in cash balances as of Sept. 30, 2016 and available liquidity of $78.8 million under its $150 million revolving credit facility.

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