Globus Medical reports record revenue in second-quarter 2023 financial results
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Key takeaways:
- Globus Medical Inc. released its second-quarter 2023 financial results.
- The company reported net sales of $291.6 million, a 10.6% increase from the prior year period.
Globus Medical Inc. announced net sales of $291.6 million in its second-quarter 2023 financial results, the highest quarterly revenue for the company, according to a press release.
Globus Medical reported net sales increased 10.6% from the prior year period. The company also reported $57.7 million in generally accepted accounting principles (GAAP) net income and $96.1 million in non-GAAP adjusted earnings before interest, taxes, depreciation and amortization.
“Globus achieved a record quarter, delivering our highest quarterly revenue yet of $292 million, an increase of 10.6% over the second quarter of 2022,” Dan Scavilla, president and CEO of Globus Medical, said in the release. “Our U.S. spine business launched three innovative new products in the quarter, two of which are focused on the scoliosis market,” Scavilla added.
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