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DJO Global releases second quarter 2018 financial results

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DJO Global Inc. released their second quarter 2018 financial results.

According to the company’s press release, net sales increased by 5.3% from $294.7 million in second quarter 2017 to $310.3 million in second quarter 2018.

Operating income was $35.8 million in the second quarter, a 296% increase from the second quarter last year.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 19%, or 17% based on constant currency, to $75.6 million in the second quarter of 2018 over the second quarter 2017.

Net cash provided by continuing operating activities for first half of the year increased from $38.1 million in 2017 to $9.0 million in 2018. The increase was attributed to modernization and consolidation of distribution facilities, and to the paying of non-recurring costs in 2018 that were accrued in 2017.

Net loss decreased from $34.4 million in the second quarter of 2017 to $13.7 million in the second quarter of 2018.

Reference:

www.djoglobal.com