Globus Medical Q1 2022 net sales $230.5M, up 1.4% YoY; GAAP EPS $0.37, non-GAAP $0.42

GLOBUS MEDICAL INC

2022-Q1 EPS reported $0.37 revenue$230,549,000

Net sales $230.5M, up 1.4% YoY (1.9% constant currency); U.S. spine sales recovered in March.
GAAP net income $38.1M (-16% YoY); GAAP diluted EPS $0.37 vs $0.44 in Q1 2021.
Non-GAAP diluted EPS $0.42 vs $0.49 in Q1 2021, down 13.1% on higher product development and sales costs.
FY 2022 guidance reaffirmed: net sales $1.025B, non-GAAP diluted EPS $2.10.
First Excelsius3D imaging units shipped; Enabling Technologies pipeline strong.

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