Globus Medical reports increased net sales in first-quarter 2024 financial results
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Key takeaways:
- Globus Medical reported its first quarter of 2024 financial results.
- The company reported U.S. net sales increased 106.3% and international net sales increased 190.7% in the quarter.
Globus Medical Inc. announced increased worldwide net sales in its first quarter of 2024 financial results, according to a company press release.
Globus Medical reported $606.7 million in worldwide net sales for the first quarter of 2024, an increase of 119.3% from the first quarter of 2023. The company reported U.S. net sales increased 106.3% and international net sales increased 190.7% in the quarter.
“Since the NuVasive merger closed in September of last year, we worked aggressively to execute our integration strategy and are making significant progress toward rapidly reaching steady state,” Dan Scavilla, president and CEO of Globus Medical, said in the release. “I am pleased with the first-quarter results delivered by strong teamwork and partnership throughout our organization. Surgeons and hospitals are responding favorably to our best-in-class product offering of clinically advanced devices and enabling technologies and worldwide sales reflect the long-term potential of our company.”
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