earnings
confidence high
sentiment positive
materiality 0.70
Globus Medical Q4 sales $250M (+7.1% YoY); FY21 sales $958.1M (+21.4%); guides FY22 sales $1.025B
GLOBUS MEDICAL INC
2021-FY EPS reported
$1.44
revenue$958,102,000
- Q4 GAAP diluted EPS $0.14, non-GAAP $0.49; GAAP net income $15.1M down 71.5% due to IPR&D acquisition
- Full-year GAAP EPS $1.44, non-GAAP EPS $2.04; adjusted EBITDA $331.4M (34.6% of sales)
- Enabling Technology revenue Q4 $25M, FY $81M (+100% YoY); US Spine +18%, International +12%
- FY 2022 guidance: net sales $1.025B, non-GAAP diluted EPS $2.10; company remains debt-free
- Free cash flow for FY 2021 was $219.4M